Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.64151716 |
details, prediction |
KuCoin Shares
KCS
|
0.49422327 |
details, prediction |
ChainLink
LINK
|
0.47807357 |
details, prediction |
Crypto.com Chain
CRO
|
0.41831702 |
details, prediction |
Ethereum
ETH
|
0.36799568 |
details, prediction |
|
Second tier
|
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 |
Aragon
ANT
|
0.6343099 |
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 |
SONM
SNM
|
-0.07983752 |
details, prediction |
Bitcoin
BTC
|
0.017786294 |
details, prediction |
XRP
XRP
|
0.050640654 |
details, prediction |
TRON
TRX
|
0.05177732 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.6340429 |
details, prediction |
Synthetix Network Token
SNX
|
-0.4814663 |
details, prediction |
Cosmos
ATOM
|
-0.40198132 |
details, prediction |
HoloToken
HOT
|
-0.2846458 |
details, prediction |
FirstBlood
1ST
|
-0.25719678 |
details, prediction |
|
Third tier
|
THEKEY
TKY
|
-0.69526887 |
details, prediction |
Dentacoin
DCN
|
-0.690121 |
details, prediction |
Newton
NEW
|
-0.6813457 |
details, prediction |
BOScoin
BOS
|
-0.63849896 |
details, prediction |
Metaverse
ETP
|
-0.63665944 |
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)