Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.38953626 |
details, prediction |
Crypto.com Chain
CRO
|
0.3134849 |
details, prediction |
UNUS SED LEO
LEO
|
0.2717417 |
details, prediction |
Stellar
XLM
|
0.23887666 |
details, prediction |
Ethereum
ETH
|
0.19007206 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.8579879 |
details, prediction |
HoloToken
HOT
|
0.6221042 |
details, prediction |
Decred
DCR
|
0.5643514 |
details, prediction |
EOS
EOS
|
0.45736068 |
details, prediction |
Bitcoin SV
BSV
|
0.41210005 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.8616312 |
details, prediction |
Dent
DENT
|
0.818121 |
details, prediction |
Streamr DATAcoin
DATA
|
0.8123661 |
details, prediction |
Steem
STEEM
|
0.65987676 |
details, prediction |
Wanchain
WAN
|
0.604418 |
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
|
-0.43839213 |
details, prediction |
TRON
TRX
|
-0.14544535 |
details, prediction |
KuCoin Shares
KCS
|
-0.11913513 |
details, prediction |
Dogecoin
DOGE
|
-0.115394644 |
details, prediction |
XRP
XRP
|
-0.113244385 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.52045774 |
details, prediction |
Dai
DAI
|
-0.4143786 |
details, prediction |
Zilliqa
ZIL
|
-0.23043825 |
details, prediction |
Ardor
ARDR
|
-0.22492005 |
details, prediction |
Request Network
REQ
|
-0.13255237 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.804747 |
details, prediction |
Constellation
DAG
|
-0.6469314 |
details, prediction |
Dero
DERO
|
-0.38269523 |
details, prediction |
BOScoin
BOS
|
-0.33865067 |
details, prediction |
Elastos
ELA
|
-0.2879285 |
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)