Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8908136 |
details, prediction |
Stellar
XLM
|
0.85445446 |
details, prediction |
Ethereum Classic
ETC
|
0.8539366 |
details, prediction |
Litecoin
LTC
|
0.8322205 |
details, prediction |
Crypto.com Chain
CRO
|
0.828956 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.996256 |
details, prediction |
0x
ZRX
|
0.98448664 |
details, prediction |
aelf
ELF
|
0.97942466 |
details, prediction |
Telcoin
TEL
|
0.9724638 |
details, prediction |
Decentraland
MANA
|
0.9655417 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9684114 |
details, prediction |
Lisk
LSK
|
0.96065646 |
details, prediction |
Bancor
BNT
|
0.95879614 |
details, prediction |
Storj
STORJ
|
0.9540318 |
details, prediction |
Metal
MTL
|
0.94744766 |
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
|
TRON
TRX
|
-0.33838385 |
details, prediction |
Binance Coin
BNB
|
0.123358026 |
details, prediction |
UNUS SED LEO
LEO
|
0.16872002 |
details, prediction |
Dogecoin
DOGE
|
0.4649512 |
details, prediction |
XRP
XRP
|
0.57234406 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42621252 |
details, prediction |
True USD
TUSD
|
-0.14147758 |
details, prediction |
Decred
DCR
|
-0.05216162 |
details, prediction |
Zilliqa
ZIL
|
0.37993357 |
details, prediction |
Verge
XVG
|
0.41479206 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.46106797 |
details, prediction |
Constellation
DAG
|
-0.26695716 |
details, prediction |
Dero
DERO
|
0.011430463 |
details, prediction |
BABB
BAX
|
0.166727 |
details, prediction |
BOScoin
BOS
|
0.33246112 |
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)