Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9052382 |
details, prediction |
Cardano
ADA
|
0.75635445 |
details, prediction |
Bitcoin Cash
BCH
|
0.678076 |
details, prediction |
XRP
XRP
|
0.6438585 |
details, prediction |
Litecoin
LTC
|
0.61594874 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.86510557 |
details, prediction |
Theta Fuel
TFUEL
|
0.8176002 |
details, prediction |
Ardor
ARDR
|
0.78712296 |
details, prediction |
Tezos
XTZ
|
0.78201216 |
details, prediction |
Decred
DCR
|
0.736301 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.77752686 |
details, prediction |
Komodo
KMD
|
0.7685995 |
details, prediction |
Loopring
LRC
|
0.7666812 |
details, prediction |
NEM
XEM
|
0.74514 |
details, prediction |
BABB
BAX
|
0.71464455 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Propy price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Propy
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9593598 |
details, prediction |
TRON
TRX
|
-0.7625118 |
details, prediction |
ZCash
ZEC
|
-0.53888744 |
details, prediction |
Bitcoin
BTC
|
-0.19578435 |
details, prediction |
Monero
XMR
|
-0.18116465 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.4624219 |
details, prediction |
True USD
TUSD
|
-0.39778292 |
details, prediction |
DASH
DASH
|
-0.39320377 |
details, prediction |
Algorand
ALGO
|
-0.3712967 |
details, prediction |
OriginTrail
TRAC
|
-0.36144882 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.59548146 |
details, prediction |
OPEN Platform
OPEN
|
-0.35134345 |
details, prediction |
Enjin Coin
ENJ
|
-0.33744168 |
details, prediction |
V Systems
VSYS
|
-0.30195212 |
details, prediction |
Ontology
ONT
|
-0.26101035 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)