Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.7284684 |
details, prediction |
Ethereum
ETH
|
0.7038654 |
details, prediction |
ZCash
ZEC
|
0.66555977 |
details, prediction |
Bitcoin
BTC
|
0.65563154 |
details, prediction |
TRON
TRX
|
0.61354977 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.94963896 |
details, prediction |
Decred
DCR
|
0.70295835 |
details, prediction |
Bitcoin SV
BSV
|
0.6555851 |
details, prediction |
Bitcoin Gold
BTG
|
0.63246137 |
details, prediction |
0x
ZRX
|
0.5608441 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.7342193 |
details, prediction |
Dero
DERO
|
0.6920986 |
details, prediction |
Achain
ACT
|
0.66365933 |
details, prediction |
Constellation
DAG
|
0.659803 |
details, prediction |
Bancor
BNT
|
0.65099615 |
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
|
Stellar
XLM
|
-0.0056619723 |
details, prediction |
Dogecoin
DOGE
|
0.104628585 |
details, prediction |
Ethereum Classic
ETC
|
0.2936963 |
details, prediction |
KuCoin Shares
KCS
|
0.3031862 |
details, prediction |
Monero
XMR
|
0.4750412 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.558569 |
details, prediction |
Telcoin
TEL
|
-0.3336746 |
details, prediction |
Ardor
ARDR
|
-0.30612913 |
details, prediction |
Cosmos
ATOM
|
-0.28796485 |
details, prediction |
FTX Token
FTT
|
-0.2739994 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.5366274 |
details, prediction |
BABB
BAX
|
-0.5156497 |
details, prediction |
ICON
ICX
|
-0.41097546 |
details, prediction |
Electroneum
ETN
|
-0.3478463 |
details, prediction |
Matrix AI Network
MAN
|
-0.26847777 |
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)