Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.9923709 |
details, prediction |
Ethereum
ETH
|
0.69858074 |
details, prediction |
KuCoin Shares
KCS
|
0.6670915 |
details, prediction |
Cardano
ADA
|
0.6569455 |
details, prediction |
Ethereum Classic
ETC
|
0.6050087 |
details, prediction |
|
Second tier
|
Digix DAO
DGD
|
0.7879572 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.76965594 |
details, prediction |
OriginTrail
TRAC
|
0.7530785 |
details, prediction |
Huobi Token
HT
|
0.71213734 |
details, prediction |
Cortex
CTXC
|
0.69086117 |
details, prediction |
|
Third tier
|
Molecule
MOL
|
0.99202615 |
details, prediction |
SIX
SIX
|
0.9277319 |
details, prediction |
Yggdrash
YEED
|
0.9136183 |
details, prediction |
Bitcoin Green
BITG
|
0.88373166 |
details, prediction |
BOX Token
BOX
|
0.88186955 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Hurify 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 Hurify
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.39870813 |
details, prediction |
ChainLink
LINK
|
-0.18628922 |
details, prediction |
Dogecoin
DOGE
|
-0.09954917 |
details, prediction |
Maker
MKR
|
-0.045748618 |
details, prediction |
Stellar
XLM
|
0.061271753 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.43712184 |
details, prediction |
Paxos Standard
PAX
|
-0.4284254 |
details, prediction |
Nexo
NEXO
|
-0.29079476 |
details, prediction |
Bitcoin Gold
BTG
|
-0.22702828 |
details, prediction |
True USD
TUSD
|
-0.210825 |
details, prediction |
|
Third tier
|
Gemini Dollar
GUSD
|
-0.68197095 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.67421055 |
details, prediction |
Trigger
TRIG
|
-0.58844197 |
details, prediction |
Darico
DEC
|
-0.48898715 |
details, prediction |
UniCoin
UNIC
|
-0.45588943 |
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)