Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7876631 |
details, prediction |
Litecoin
LTC
|
0.77651435 |
details, prediction |
Bitcoin
BTC
|
0.74812394 |
details, prediction |
Ethereum
ETH
|
0.7476687 |
details, prediction |
XRP
XRP
|
0.70545757 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9613117 |
details, prediction |
Decred
DCR
|
0.754422 |
details, prediction |
Bitcoin SV
BSV
|
0.74981916 |
details, prediction |
0x
ZRX
|
0.7438634 |
details, prediction |
Decentraland
MANA
|
0.7393093 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7799157 |
details, prediction |
Gas
GAS
|
0.6490589 |
details, prediction |
Stox
STX
|
0.62308395 |
details, prediction |
Ontology
ONT
|
0.60667235 |
details, prediction |
V Systems
VSYS
|
0.56188256 |
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
|
Stellar
XLM
|
0.18807116 |
details, prediction |
KuCoin Shares
KCS
|
0.24986684 |
details, prediction |
TRON
TRX
|
0.54731214 |
details, prediction |
Dogecoin
DOGE
|
0.5660595 |
details, prediction |
Monero
XMR
|
0.6211054 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.43058744 |
details, prediction |
Telcoin
TEL
|
-0.35721987 |
details, prediction |
Chiliz
CHZ
|
-0.28013176 |
details, prediction |
Dai
DAI
|
-0.27077135 |
details, prediction |
USD//Coin
USDC
|
-0.23141755 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.56009316 |
details, prediction |
ICON
ICX
|
-0.5363833 |
details, prediction |
BABB
BAX
|
-0.49028042 |
details, prediction |
Matrix AI Network
MAN
|
-0.42760167 |
details, prediction |
Storj
STORJ
|
-0.3973919 |
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)