Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9479789 |
details, prediction |
Ethereum Classic
ETC
|
0.94597375 |
details, prediction |
Crypto.com Chain
CRO
|
0.91039425 |
details, prediction |
KuCoin Shares
KCS
|
0.8880212 |
details, prediction |
Bitcoin Cash
BCH
|
0.8848617 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.97745615 |
details, prediction |
Basic Attention Token
BAT
|
0.9757711 |
details, prediction |
Decentraland
MANA
|
0.9754192 |
details, prediction |
Status
SNT
|
0.9731597 |
details, prediction |
Telcoin
TEL
|
0.9715376 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.97882503 |
details, prediction |
SwftCoin
SWFTC
|
0.9770198 |
details, prediction |
ARK
ARK
|
0.9665468 |
details, prediction |
Lisk
LSK
|
0.9648054 |
details, prediction |
Internet of Services
IOST
|
0.9639669 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PIVX 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 PIVX
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7305191 |
details, prediction |
UNUS SED LEO
LEO
|
0.21257204 |
details, prediction |
ZCash
ZEC
|
0.4288477 |
details, prediction |
Binance Coin
BNB
|
0.65136105 |
details, prediction |
Ethereum
ETH
|
0.673647 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.2853029 |
details, prediction |
Decred
DCR
|
-0.17656612 |
details, prediction |
True USD
TUSD
|
0.18571313 |
details, prediction |
Nexo
NEXO
|
0.3627158 |
details, prediction |
Algorand
ALGO
|
0.45957926 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.40062383 |
details, prediction |
Ontology
ONT
|
-0.38782054 |
details, prediction |
OPEN Platform
OPEN
|
-0.24623057 |
details, prediction |
Enjin Coin
ENJ
|
-0.20409188 |
details, prediction |
HEROcoin
PLAY
|
-0.11885745 |
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)