Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.49486077 |
details, prediction |
Litecoin
LTC
|
0.39659357 |
details, prediction |
Bitcoin Cash
BCH
|
0.39182538 |
details, prediction |
Ethereum
ETH
|
0.37290803 |
details, prediction |
Ethereum Classic
ETC
|
0.32639754 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.43836683 |
details, prediction |
HoloToken
HOT
|
0.40293258 |
details, prediction |
Decentraland
MANA
|
0.3988991 |
details, prediction |
aelf
ELF
|
0.3812361 |
details, prediction |
Nexo
NEXO
|
0.3787152 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.5653667 |
details, prediction |
SysCoin
SYS
|
0.55060977 |
details, prediction |
BABB
BAX
|
0.5024547 |
details, prediction |
Metal
MTL
|
0.49372292 |
details, prediction |
Phantasma
SOUL
|
0.49091914 |
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
|
Stellar
XLM
|
-0.2728222 |
details, prediction |
ZCash
ZEC
|
-0.23582579 |
details, prediction |
TRON
TRX
|
-0.20311533 |
details, prediction |
Binance Coin
BNB
|
-0.053035807 |
details, prediction |
Monero
XMR
|
0.074228324 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5256239 |
details, prediction |
Telcoin
TEL
|
-0.3132634 |
details, prediction |
Dai
DAI
|
-0.24234171 |
details, prediction |
USD//Coin
USDC
|
-0.17409925 |
details, prediction |
Cosmos
ATOM
|
-0.11839258 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.19626191 |
details, prediction |
Chronobank
TIME
|
-0.14406155 |
details, prediction |
Constellation
DAG
|
-0.10644907 |
details, prediction |
OPEN Platform
OPEN
|
-0.09066643 |
details, prediction |
V Systems
VSYS
|
-0.051692903 |
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)