Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.14809155 |
details, prediction |
ZCash
ZEC
|
0.066322275 |
details, prediction |
ChainLink
LINK
|
0.05267013 |
details, prediction |
TRON
TRX
|
0.040440295 |
details, prediction |
Litecoin
LTC
|
0.007827582 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.4464211 |
details, prediction |
USD//Coin
USDC
|
0.21004917 |
details, prediction |
Bitcoin SV
BSV
|
0.1829782 |
details, prediction |
DigiByte
DGB
|
0.1692488 |
details, prediction |
HoloToken
HOT
|
0.13582298 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.5844841 |
details, prediction |
Phantasma
SOUL
|
0.55031276 |
details, prediction |
Matrix AI Network
MAN
|
0.52097183 |
details, prediction |
SysCoin
SYS
|
0.50717723 |
details, prediction |
V Systems
VSYS
|
0.3750426 |
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
|
-0.3658232 |
details, prediction |
Binance Coin
BNB
|
-0.34356052 |
details, prediction |
Ethereum Classic
ETC
|
-0.19889842 |
details, prediction |
XRP
XRP
|
-0.1951887 |
details, prediction |
Cardano
ADA
|
-0.15926293 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6169193 |
details, prediction |
Ardor
ARDR
|
-0.5060986 |
details, prediction |
Cosmos
ATOM
|
-0.4967975 |
details, prediction |
Telcoin
TEL
|
-0.47850347 |
details, prediction |
IOTA
IOT
|
-0.43747008 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.62532747 |
details, prediction |
HEROcoin
PLAY
|
-0.56730527 |
details, prediction |
SingularityNET
AGI
|
-0.55677384 |
details, prediction |
BABB
BAX
|
-0.5503331 |
details, prediction |
Kambria
KAT
|
-0.5011575 |
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)