Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9328692 |
details, prediction |
Ethereum Classic
ETC
|
0.927531 |
details, prediction |
Crypto.com Chain
CRO
|
0.92414844 |
details, prediction |
ZCash
ZEC
|
0.903445 |
details, prediction |
Bitcoin Cash
BCH
|
0.8874867 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9925666 |
details, prediction |
Horizen
ZEN
|
0.9825537 |
details, prediction |
QTUM
QTUM
|
0.98174036 |
details, prediction |
Telcoin
TEL
|
0.98171896 |
details, prediction |
Basic Attention Token
BAT
|
0.9801588 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.98492306 |
details, prediction |
ICON
ICX
|
0.9826179 |
details, prediction |
PIVX
PIVX
|
0.9813295 |
details, prediction |
SwftCoin
SWFTC
|
0.97725666 |
details, prediction |
Civic
CVC
|
0.97701067 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Power Ledger 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 Power Ledger
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7075746 |
details, prediction |
UNUS SED LEO
LEO
|
0.14494695 |
details, prediction |
Binance Coin
BNB
|
0.50894827 |
details, prediction |
Dogecoin
DOGE
|
0.68373924 |
details, prediction |
XRP
XRP
|
0.7567553 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.49048918 |
details, prediction |
Decred
DCR
|
-0.29877397 |
details, prediction |
True USD
TUSD
|
0.10320292 |
details, prediction |
Verge
XVG
|
0.41921356 |
details, prediction |
Nexo
NEXO
|
0.4951505 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.1547434 |
details, prediction |
Dent
DENT
|
-0.13598663 |
details, prediction |
HEROcoin
PLAY
|
0.075597875 |
details, prediction |
Propy
PRO
|
0.2274876 |
details, prediction |
NKN
NKN
|
0.23236294 |
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)