Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.17692496 |
details, prediction |
Ethereum
ETH
|
0.123092175 |
details, prediction |
XRP
XRP
|
0.111612834 |
details, prediction |
Litecoin
LTC
|
-0.017130066 |
details, prediction |
ZCash
ZEC
|
-0.020496497 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.3575536 |
details, prediction |
Ravencoin
RVN
|
0.32835573 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.30097055 |
details, prediction |
Telcoin
TEL
|
0.29898933 |
details, prediction |
Loopring
LRC
|
0.23465881 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.75454205 |
details, prediction |
Blue Whale
BWX
|
0.61383253 |
details, prediction |
Nasdacoin
NSD
|
0.5999796 |
details, prediction |
Flexacoin
FXC
|
0.590834 |
details, prediction |
Waves Community Token
WCT
|
0.582399 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Pylon Network 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 Pylon Network
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.48305902 |
details, prediction |
Fantom
FTM
|
-0.43811327 |
details, prediction |
Dogecoin
DOGE
|
-0.32378116 |
details, prediction |
Binance Coin
BNB
|
-0.31539643 |
details, prediction |
Bitcoin Cash
BCH
|
-0.31470588 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.6118658 |
details, prediction |
Horizen
ZEN
|
-0.5748169 |
details, prediction |
Nano
NANO
|
-0.56586844 |
details, prediction |
NEO
NEO
|
-0.55998224 |
details, prediction |
Decred
DCR
|
-0.5278381 |
details, prediction |
|
Third tier
|
ALISmedia
ALIS
|
-0.6206128 |
details, prediction |
Experience Points
XP
|
-0.5948104 |
details, prediction |
Augur
REP
|
-0.58295506 |
details, prediction |
Universa
UTNP
|
-0.57195896 |
details, prediction |
Cryptonex
CNX
|
-0.5717418 |
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)