Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.81645554 |
details, prediction |
Crypto.com Chain
CRO
|
0.8093799 |
details, prediction |
Cardano
ADA
|
0.80368847 |
details, prediction |
ChainLink
LINK
|
0.80075276 |
details, prediction |
Litecoin
LTC
|
0.79279655 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9956465 |
details, prediction |
aelf
ELF
|
0.909073 |
details, prediction |
0x
ZRX
|
0.8918183 |
details, prediction |
OriginTrail
TRAC
|
0.87326777 |
details, prediction |
Horizen
ZEN
|
0.8715981 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.9288318 |
details, prediction |
Enjin Coin
ENJ
|
0.8938211 |
details, prediction |
SwftCoin
SWFTC
|
0.88300186 |
details, prediction |
Bancor
BNT
|
0.8657117 |
details, prediction |
Lisk
LSK
|
0.85921365 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hydro Protocol 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 Hydro Protocol
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.48917788 |
details, prediction |
UNUS SED LEO
LEO
|
0.09477823 |
details, prediction |
Binance Coin
BNB
|
0.3286819 |
details, prediction |
Dogecoin
DOGE
|
0.54547596 |
details, prediction |
XRP
XRP
|
0.6373785 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.49718145 |
details, prediction |
True USD
TUSD
|
-0.13636784 |
details, prediction |
Decred
DCR
|
0.015641326 |
details, prediction |
Verge
XVG
|
0.4940048 |
details, prediction |
Zilliqa
ZIL
|
0.51498276 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.17798945 |
details, prediction |
Ontology
ONT
|
-0.15073667 |
details, prediction |
Dero
DERO
|
0.04086511 |
details, prediction |
Constellation
DAG
|
0.11748749 |
details, prediction |
NKN
NKN
|
0.21059434 |
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)