Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.8306967 |
details, prediction |
Litecoin
LTC
|
0.7895657 |
details, prediction |
Crypto.com Chain
CRO
|
0.78561777 |
details, prediction |
ChainLink
LINK
|
0.77754694 |
details, prediction |
Cardano
ADA
|
0.76097053 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9954549 |
details, prediction |
0x
ZRX
|
0.88783294 |
details, prediction |
aelf
ELF
|
0.87051105 |
details, prediction |
Horizen
ZEN
|
0.84499645 |
details, prediction |
Decentraland
MANA
|
0.8214729 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.85783124 |
details, prediction |
Lisk
LSK
|
0.84400654 |
details, prediction |
Storj
STORJ
|
0.8399556 |
details, prediction |
SwftCoin
SWFTC
|
0.83294153 |
details, prediction |
Civic
CVC
|
0.82922417 |
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
|
-0.5262781 |
details, prediction |
UNUS SED LEO
LEO
|
0.09477823 |
details, prediction |
ZCash
ZEC
|
0.41896 |
details, prediction |
Binance Coin
BNB
|
0.42812505 |
details, prediction |
Dogecoin
DOGE
|
0.59093416 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4857832 |
details, prediction |
True USD
TUSD
|
-0.059477467 |
details, prediction |
Decred
DCR
|
0.06119269 |
details, prediction |
Verge
XVG
|
0.40841517 |
details, prediction |
Algorand
ALGO
|
0.45670342 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.31124404 |
details, prediction |
HEROcoin
PLAY
|
-0.110853985 |
details, prediction |
Dent
DENT
|
0.12323886 |
details, prediction |
Enjin Coin
ENJ
|
0.14226909 |
details, prediction |
OPEN Platform
OPEN
|
0.15442592 |
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)