Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.26023665 |
details, prediction |
TRON
TRX
|
0.24599215 |
details, prediction |
ZCash
ZEC
|
0.2247379 |
details, prediction |
Litecoin
LTC
|
0.20140657 |
details, prediction |
ChainLink
LINK
|
0.14755817 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.5318156 |
details, prediction |
USD//Coin
USDC
|
0.4033215 |
details, prediction |
HoloToken
HOT
|
0.3722031 |
details, prediction |
True USD
TUSD
|
0.3451468 |
details, prediction |
Bitcoin SV
BSV
|
0.23797049 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.56133115 |
details, prediction |
Hydro Protocol
HOT
|
0.44069135 |
details, prediction |
SysCoin
SYS
|
0.39603707 |
details, prediction |
V Systems
VSYS
|
0.36719432 |
details, prediction |
NKN
NKN
|
0.33779976 |
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
|
Dogecoin
DOGE
|
-0.41670978 |
details, prediction |
Stellar
XLM
|
-0.16657029 |
details, prediction |
Cardano
ADA
|
-0.1112 |
details, prediction |
Binance Coin
BNB
|
-0.10989067 |
details, prediction |
Ethereum Classic
ETC
|
-0.09723313 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.6220601 |
details, prediction |
Chiliz
CHZ
|
-0.5721996 |
details, prediction |
iEx.ec
RLC
|
-0.5125792 |
details, prediction |
Cosmos
ATOM
|
-0.5041748 |
details, prediction |
IOTA
IOT
|
-0.47708762 |
details, prediction |
|
Third tier
|
QuarkChain
QKC
|
-0.6193263 |
details, prediction |
IoTeX
IOTX
|
-0.5950653 |
details, prediction |
Dero
DERO
|
-0.5874071 |
details, prediction |
HEROcoin
PLAY
|
-0.5606035 |
details, prediction |
OPEN Platform
OPEN
|
-0.45576876 |
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)