Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.79105276 |
details, prediction |
Monero
XMR
|
0.7130624 |
details, prediction |
ChainLink
LINK
|
0.7075854 |
details, prediction |
Bitcoin
BTC
|
0.69689554 |
details, prediction |
XRP
XRP
|
0.6262864 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.99248415 |
details, prediction |
Cosmos
ATOM
|
0.76977736 |
details, prediction |
0x
ZRX
|
0.76406115 |
details, prediction |
Theta
THETA
|
0.7401605 |
details, prediction |
iEx.ec
RLC
|
0.67809147 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.80231404 |
details, prediction |
OPEN Platform
OPEN
|
0.7259393 |
details, prediction |
Bancor
BNT
|
0.7050381 |
details, prediction |
Kambria
KAT
|
0.69988436 |
details, prediction |
QuarkChain
QKC
|
0.6837337 |
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
|
Bitcoin Cash
BCH
|
-0.033465505 |
details, prediction |
TRON
TRX
|
0.06181557 |
details, prediction |
Crypto.com Chain
CRO
|
0.17383349 |
details, prediction |
Stellar
XLM
|
0.32295725 |
details, prediction |
Cardano
ADA
|
0.36500967 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7596018 |
details, prediction |
USD//Coin
USDC
|
-0.54117966 |
details, prediction |
Verge
XVG
|
-0.49927706 |
details, prediction |
Decred
DCR
|
-0.12252379 |
details, prediction |
Waves
WAVES
|
-0.03627925 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.51377577 |
details, prediction |
Phantasma
SOUL
|
-0.43701628 |
details, prediction |
Dent
DENT
|
-0.3966197 |
details, prediction |
PIVX
PIVX
|
-0.3730809 |
details, prediction |
Ontology
ONT
|
-0.3370801 |
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)