Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.12800926 |
details, prediction |
Cardano
ADA
|
0.08048521 |
details, prediction |
Crypto.com Chain
CRO
|
0.06500531 |
details, prediction |
ChainLink
LINK
|
-0.0066851056 |
details, prediction |
Litecoin
LTC
|
-0.008580813 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.61942595 |
details, prediction |
Nexo
NEXO
|
0.49461833 |
details, prediction |
HoloToken
HOT
|
0.330163 |
details, prediction |
Verge
XVG
|
0.09745506 |
details, prediction |
Telcoin
TEL
|
0.09025046 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.4950138 |
details, prediction |
Dent
DENT
|
0.42276138 |
details, prediction |
FunFair
FUN
|
0.39113492 |
details, prediction |
BABB
BAX
|
0.39101928 |
details, prediction |
Wanchain
WAN
|
0.35043597 |
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
|
KuCoin Shares
KCS
|
-0.38791424 |
details, prediction |
ZCash
ZEC
|
-0.319278 |
details, prediction |
TRON
TRX
|
-0.20103636 |
details, prediction |
Bitcoin Cash
BCH
|
-0.19235624 |
details, prediction |
Bitcoin
BTC
|
-0.17718062 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.5554921 |
details, prediction |
USD//Coin
USDC
|
-0.50116867 |
details, prediction |
Status
SNT
|
-0.39134413 |
details, prediction |
iEx.ec
RLC
|
-0.3894012 |
details, prediction |
DASH
DASH
|
-0.3680305 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.60688275 |
details, prediction |
Gas
GAS
|
-0.57520765 |
details, prediction |
Loopring
LRC
|
-0.526196 |
details, prediction |
AdEx
ADX
|
-0.4638546 |
details, prediction |
Electroneum
ETN
|
-0.43424228 |
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)