Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.64151716 |
details, prediction |
USD//Coin
USDC
|
0.5858808 |
details, prediction |
KuCoin Shares
KCS
|
0.49422327 |
details, prediction |
ChainLink
LINK
|
0.47807357 |
details, prediction |
Tezos
XTZ
|
0.47552422 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.7052592 |
details, prediction |
Metadium
META
|
0.6916002 |
details, prediction |
FTX Token
FTT
|
0.67988527 |
details, prediction |
BORA
BORA
|
0.67717355 |
details, prediction |
Power Ledger
POWR
|
0.6534379 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
0.86430705 |
details, prediction |
Golos
GOLOS
|
0.8546608 |
details, prediction |
Ternio
TERN
|
0.82937807 |
details, prediction |
Cajutel
CAJ
|
0.804345 |
details, prediction |
DxChain
DX
|
0.7892726 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hacken 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 Hacken
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.6005869 |
details, prediction |
Cosmos
ATOM
|
-0.40198132 |
details, prediction |
Vechain
VET
|
-0.1713156 |
details, prediction |
SONM
SNM
|
-0.07983752 |
details, prediction |
Bitcoin
BTC
|
0.017786294 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.6340429 |
details, prediction |
Synthetix Network Token
SNX
|
-0.4814663 |
details, prediction |
HoloToken
HOT
|
-0.2846458 |
details, prediction |
FirstBlood
1ST
|
-0.25719678 |
details, prediction |
Stox
STX
|
-0.21792008 |
details, prediction |
Third tier
|
THEKEY
TKY
|
-0.69526887 |
details, prediction |
Dentacoin
DCN
|
-0.690121 |
details, prediction |
Newton
NEW
|
-0.6813457 |
details, prediction |
Humaniq
HMQ
|
-0.65667343 |
details, prediction |
BOScoin
BOS
|
-0.63849896 |
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)