Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.14578381 |
details, prediction |
ChainLink
LINK
|
0.06611597 |
details, prediction |
ZCash
ZEC
|
0.057987824 |
details, prediction |
TRON
TRX
|
0.0481575 |
details, prediction |
Litecoin
LTC
|
0.027069166 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.58344394 |
details, prediction |
USD//Coin
USDC
|
0.1994046 |
details, prediction |
Bitcoin SV
BSV
|
0.19661607 |
details, prediction |
DigiByte
DGB
|
0.1462014 |
details, prediction |
HoloToken
HOT
|
0.14170176 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.57634795 |
details, prediction |
Phantasma
SOUL
|
0.57204074 |
details, prediction |
SysCoin
SYS
|
0.5251094 |
details, prediction |
Matrix AI Network
MAN
|
0.48975685 |
details, prediction |
V Systems
VSYS
|
0.31584373 |
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
|
-0.35448176 |
details, prediction |
Binance Coin
BNB
|
-0.3312753 |
details, prediction |
Crypto.com Chain
CRO
|
-0.30337486 |
details, prediction |
Ethereum Classic
ETC
|
-0.18325105 |
details, prediction |
XRP
XRP
|
-0.16665411 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.61061704 |
details, prediction |
Telcoin
TEL
|
-0.5101624 |
details, prediction |
Cosmos
ATOM
|
-0.5054213 |
details, prediction |
Ardor
ARDR
|
-0.45157996 |
details, prediction |
IOTA
IOT
|
-0.42146683 |
details, prediction |
|
Third tier
|
Stox
STX
|
-0.46868485 |
details, prediction |
BABB
BAX
|
-0.46358317 |
details, prediction |
HEROcoin
PLAY
|
-0.45103306 |
details, prediction |
Elastos
ELA
|
-0.37524182 |
details, prediction |
QuarkChain
QKC
|
-0.36873406 |
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)