Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8059164 |
details, prediction |
Bitcoin Cash
BCH
|
0.7430516 |
details, prediction |
ChainLink
LINK
|
0.71593 |
details, prediction |
Cardano
ADA
|
0.69792527 |
details, prediction |
Ethereum Classic
ETC
|
0.6349761 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.944548 |
details, prediction |
Bitcoin Gold
BTG
|
0.9407638 |
details, prediction |
Telcoin
TEL
|
0.9279575 |
details, prediction |
OriginTrail
TRAC
|
0.92489314 |
details, prediction |
Nexo
NEXO
|
0.8842001 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.91899323 |
details, prediction |
BABB
BAX
|
0.91228724 |
details, prediction |
Phantasma
SOUL
|
0.8901731 |
details, prediction |
FunFair
FUN
|
0.86946553 |
details, prediction |
Chronobank
TIME
|
0.84228826 |
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
|
Binance Coin
BNB
|
-0.39139298 |
details, prediction |
TRON
TRX
|
-0.36202335 |
details, prediction |
UNUS SED LEO
LEO
|
-0.17907515 |
details, prediction |
XRP
XRP
|
0.1287059 |
details, prediction |
Dogecoin
DOGE
|
0.14990075 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.41579083 |
details, prediction |
True USD
TUSD
|
-0.39346585 |
details, prediction |
Zilliqa
ZIL
|
0.079817355 |
details, prediction |
Ardor
ARDR
|
0.1185235 |
details, prediction |
Decred
DCR
|
0.37555814 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.75536454 |
details, prediction |
Constellation
DAG
|
-0.55519193 |
details, prediction |
Dero
DERO
|
-0.16310357 |
details, prediction |
BOScoin
BOS
|
0.16113201 |
details, prediction |
Komodo
KMD
|
0.33415946 |
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)