Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.21121202 |
details, prediction |
KuCoin Shares
KCS
|
0.20195267 |
details, prediction |
TRON
TRX
|
0.07254102 |
details, prediction |
Bitcoin Cash
BCH
|
-0.13047232 |
details, prediction |
Ethereum Classic
ETC
|
-0.18608885 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.6514259 |
details, prediction |
USD//Coin
USDC
|
0.5932113 |
details, prediction |
True USD
TUSD
|
0.58765554 |
details, prediction |
aelf
ELF
|
0.46961856 |
details, prediction |
Bitcoin Gold
BTG
|
0.461702 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.5850819 |
details, prediction |
Storj
STORJ
|
0.5372235 |
details, prediction |
Matrix AI Network
MAN
|
0.51388615 |
details, prediction |
PIVX
PIVX
|
0.5067845 |
details, prediction |
ICON
ICX
|
0.47215906 |
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
|
ZCash
ZEC
|
-0.48891297 |
details, prediction |
Monero
XMR
|
-0.48241845 |
details, prediction |
Binance Coin
BNB
|
-0.4483525 |
details, prediction |
ChainLink
LINK
|
-0.41882792 |
details, prediction |
Cardano
ADA
|
-0.38878447 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.76229966 |
details, prediction |
Decred
DCR
|
-0.44627526 |
details, prediction |
Bitcoin SV
BSV
|
-0.43684304 |
details, prediction |
Theta
THETA
|
-0.4310761 |
details, prediction |
Horizen
ZEN
|
-0.42909825 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
-0.44917193 |
details, prediction |
Metal
MTL
|
-0.44886905 |
details, prediction |
Lisk
LSK
|
-0.43746093 |
details, prediction |
IoTeX
IOTX
|
-0.3891597 |
details, prediction |
Electroneum
ETN
|
-0.36978456 |
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)