Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.80958486 |
details, prediction |
Crypto.com Chain
CRO
|
0.7963078 |
details, prediction |
Cardano
ADA
|
0.592647 |
details, prediction |
XRP
XRP
|
0.12754795 |
details, prediction |
Ethereum Classic
ETC
|
0.04374865 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.8793868 |
details, prediction |
Verge
XVG
|
0.8792084 |
details, prediction |
Waves
WAVES
|
0.843935 |
details, prediction |
Theta Fuel
TFUEL
|
0.81301814 |
details, prediction |
Telcoin
TEL
|
0.7711917 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9578612 |
details, prediction |
Constellation
DAG
|
0.8961496 |
details, prediction |
SysCoin
SYS
|
0.8940969 |
details, prediction |
Komodo
KMD
|
0.84313476 |
details, prediction |
IoTeX
IOTX
|
0.78333074 |
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
|
-0.7309059 |
details, prediction |
Bitcoin
BTC
|
-0.7144777 |
details, prediction |
Ethereum
ETH
|
-0.71328706 |
details, prediction |
Monero
XMR
|
-0.61658156 |
details, prediction |
ZCash
ZEC
|
-0.46568066 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.5733106 |
details, prediction |
Nexo
NEXO
|
-0.55056804 |
details, prediction |
Algorand
ALGO
|
-0.51670736 |
details, prediction |
HoloToken
HOT
|
-0.4731696 |
details, prediction |
True USD
TUSD
|
-0.3229545 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7480139 |
details, prediction |
V Systems
VSYS
|
-0.73935777 |
details, prediction |
Enjin Coin
ENJ
|
-0.61288077 |
details, prediction |
HEROcoin
PLAY
|
-0.6037916 |
details, prediction |
Metal
MTL
|
-0.52356213 |
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)