Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.9722041 |
details, prediction |
IOTA
IOT
|
0.95829254 |
details, prediction |
XRP
XRP
|
0.9581552 |
details, prediction |
EOS
EOS
|
0.9579256 |
details, prediction |
NEO
NEO
|
0.95655763 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
0.9803773 |
details, prediction |
Republic protocol
REN
|
0.9680946 |
details, prediction |
TomoChain
TOMO
|
0.96806365 |
details, prediction |
Dent
DENT
|
0.9677981 |
details, prediction |
Fantom
FTM
|
0.96594685 |
details, prediction |
Third tier
|
Wanchain
WAN
|
0.967525 |
details, prediction |
Aion
AION
|
0.966674 |
details, prediction |
GXChain
GXC
|
0.96580446 |
details, prediction |
Everipedia
IQ
|
0.9630071 |
details, prediction |
Streamr DATAcoin
DATA
|
0.9603436 |
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
|
UNUS SED LEO
LEO
|
0.11122769 |
details, prediction |
TRON
TRX
|
0.21858783 |
details, prediction |
Ethereum Classic
ETC
|
0.5728918 |
details, prediction |
KuCoin Shares
KCS
|
0.64198416 |
details, prediction |
Maker
MKR
|
0.6798138 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.35505903 |
details, prediction |
Paxos Standard
PAX
|
-0.31189638 |
details, prediction |
True USD
TUSD
|
-0.24079376 |
details, prediction |
USD//Coin
USDC
|
0.002637625 |
details, prediction |
Dai
DAI
|
0.025420425 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
-0.82070976 |
details, prediction |
Time New Bank
TNB
|
-0.74190533 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7040556 |
details, prediction |
Seele
SEELE
|
-0.58043396 |
details, prediction |
ILCoin
ILC
|
-0.48274422 |
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)