Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.8625844 |
details, prediction |
XRP
XRP
|
0.73349154 |
details, prediction |
Ethereum
ETH
|
0.7037316 |
details, prediction |
Bitcoin Cash
BCH
|
0.69497204 |
details, prediction |
Cardano
ADA
|
0.59006995 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9935103 |
details, prediction |
Nexo
NEXO
|
0.8424947 |
details, prediction |
Status
SNT
|
0.8229122 |
details, prediction |
Vechain
VET
|
0.80434954 |
details, prediction |
Tezos
XTZ
|
0.8031613 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.8787013 |
details, prediction |
Civic
CVC
|
0.8749542 |
details, prediction |
Lisk
LSK
|
0.85203606 |
details, prediction |
QuarkChain
QKC
|
0.8435673 |
details, prediction |
Kambria
KAT
|
0.7237881 |
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
|
-0.81188834 |
details, prediction |
TRON
TRX
|
-0.47745496 |
details, prediction |
ZCash
ZEC
|
-0.17671166 |
details, prediction |
Stellar
XLM
|
0.11841871 |
details, prediction |
Binance Coin
BNB
|
0.12915011 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7473311 |
details, prediction |
OriginTrail
TRAC
|
-0.611383 |
details, prediction |
USD//Coin
USDC
|
-0.557202 |
details, prediction |
Telcoin
TEL
|
-0.49416554 |
details, prediction |
True USD
TUSD
|
0.0019113693 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.5363104 |
details, prediction |
FunFair
FUN
|
-0.20044202 |
details, prediction |
Dero
DERO
|
-0.19050969 |
details, prediction |
V Systems
VSYS
|
-0.17547461 |
details, prediction |
NKN
NKN
|
-0.05961714 |
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)