Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.38974798 |
details, prediction |
KuCoin Shares
KCS
|
0.2329003 |
details, prediction |
Bitcoin Cash
BCH
|
0.23079912 |
details, prediction |
Stellar
XLM
|
0.19510987 |
details, prediction |
Ethereum Classic
ETC
|
0.09884127 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.43848377 |
details, prediction |
True USD
TUSD
|
0.4215879 |
details, prediction |
Decentraland
MANA
|
0.3662616 |
details, prediction |
Dai
DAI
|
0.30457252 |
details, prediction |
aelf
ELF
|
0.2534655 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8641984 |
details, prediction |
Achain
ACT
|
0.47696957 |
details, prediction |
Phantasma
SOUL
|
0.4240323 |
details, prediction |
Hydro Protocol
HOT
|
0.32258183 |
details, prediction |
V Systems
VSYS
|
0.2827198 |
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
|
Binance Coin
BNB
|
-0.20709705 |
details, prediction |
Dogecoin
DOGE
|
-0.20589553 |
details, prediction |
Monero
XMR
|
-0.20498778 |
details, prediction |
ZCash
ZEC
|
-0.15186734 |
details, prediction |
Cardano
ADA
|
-0.111234814 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.38075468 |
details, prediction |
Ardor
ARDR
|
-0.33990097 |
details, prediction |
IOTA
IOT
|
-0.25232777 |
details, prediction |
Theta
THETA
|
-0.24347839 |
details, prediction |
Verge
XVG
|
-0.23066618 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.7743211 |
details, prediction |
QuarkChain
QKC
|
-0.4363596 |
details, prediction |
IoTeX
IOTX
|
-0.41555497 |
details, prediction |
BABB
BAX
|
-0.3850845 |
details, prediction |
Metal
MTL
|
-0.36307895 |
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)