Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.83769476 |
details, prediction |
XRP
XRP
|
0.7998685 |
details, prediction |
Bitcoin Cash
BCH
|
0.7764781 |
details, prediction |
Litecoin
LTC
|
0.77641267 |
details, prediction |
Cardano
ADA
|
0.7761738 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.8144559 |
details, prediction |
Waves
WAVES
|
0.7947848 |
details, prediction |
Tezos
XTZ
|
0.7947 |
details, prediction |
Nexo
NEXO
|
0.7920722 |
details, prediction |
Bitcoin Gold
BTG
|
0.7910002 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.79555583 |
details, prediction |
SwftCoin
SWFTC
|
0.783877 |
details, prediction |
Steem
STEEM
|
0.78386766 |
details, prediction |
NEM
XEM
|
0.7713706 |
details, prediction |
Komodo
KMD
|
0.7685995 |
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
|
-0.4585417 |
details, prediction |
Stellar
XLM
|
-0.41208404 |
details, prediction |
ZCash
ZEC
|
-0.40633103 |
details, prediction |
Monero
XMR
|
0.2257102 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.529 |
details, prediction |
OriginTrail
TRAC
|
-0.48851353 |
details, prediction |
Dai
DAI
|
-0.4501116 |
details, prediction |
True USD
TUSD
|
-0.33983928 |
details, prediction |
Telcoin
TEL
|
-0.23743758 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.2606031 |
details, prediction |
V Systems
VSYS
|
-0.22063655 |
details, prediction |
HEROcoin
PLAY
|
-0.21915235 |
details, prediction |
Enjin Coin
ENJ
|
0.007527254 |
details, prediction |
Ontology
ONT
|
0.23069066 |
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)