Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.87448823 |
details, prediction |
Bitcoin Cash
BCH
|
0.8635381 |
details, prediction |
Ethereum Classic
ETC
|
0.82505184 |
details, prediction |
Bitcoin
BTC
|
0.79798096 |
details, prediction |
ChainLink
LINK
|
0.7851213 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9714492 |
details, prediction |
Decentraland
MANA
|
0.90126795 |
details, prediction |
NEO
NEO
|
0.8531364 |
details, prediction |
0x
ZRX
|
0.8437128 |
details, prediction |
Theta
THETA
|
0.8158136 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8456333 |
details, prediction |
Gas
GAS
|
0.7943769 |
details, prediction |
Stox
STX
|
0.7881766 |
details, prediction |
Steem
STEEM
|
0.7633459 |
details, prediction |
ARK
ARK
|
0.7623 |
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
|
0.388455 |
details, prediction |
KuCoin Shares
KCS
|
0.55872273 |
details, prediction |
Monero
XMR
|
0.66091764 |
details, prediction |
Stellar
XLM
|
0.68529856 |
details, prediction |
Binance Coin
BNB
|
0.7368185 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.47569543 |
details, prediction |
USD//Coin
USDC
|
-0.24093662 |
details, prediction |
True USD
TUSD
|
-0.22628544 |
details, prediction |
Telcoin
TEL
|
-0.03284829 |
details, prediction |
aelf
ELF
|
0.07582202 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.53252417 |
details, prediction |
ICON
ICX
|
-0.5093966 |
details, prediction |
Matrix AI Network
MAN
|
-0.43856785 |
details, prediction |
Storj
STORJ
|
-0.40568796 |
details, prediction |
NKN
NKN
|
-0.39798412 |
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)