Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.5801307 |
details, prediction |
ChainLink
LINK
|
0.527988 |
details, prediction |
Ethereum
ETH
|
0.5081036 |
details, prediction |
TRON
TRX
|
0.43999237 |
details, prediction |
Bitcoin
BTC
|
0.43129826 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.5871149 |
details, prediction |
IOTA
IOT
|
0.4818677 |
details, prediction |
HoloToken
HOT
|
0.46651047 |
details, prediction |
Bitcoin Gold
BTG
|
0.39092734 |
details, prediction |
Horizen
ZEN
|
0.3750489 |
details, prediction |
|
Third tier
|
GoldCoin
GLD
|
0.84242326 |
details, prediction |
Tidex Token
TDX
|
0.78934944 |
details, prediction |
Credit Tag Chain
CTC
|
0.7798957 |
details, prediction |
42 Coin
42
|
0.7096222 |
details, prediction |
FantomCoin
FCN
|
0.7019774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HexxCoin 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 HexxCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.2711886 |
details, prediction |
SONM
SNM
|
-0.17963019 |
details, prediction |
Cardano
ADA
|
6.2460144E-4 |
details, prediction |
Fantom
FTM
|
0.050985545 |
details, prediction |
Stellar
XLM
|
0.112317696 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
-0.57642317 |
details, prediction |
Metadium
META
|
-0.37412593 |
details, prediction |
Telcoin
TEL
|
-0.36243638 |
details, prediction |
OriginTrail
TRAC
|
-0.3599914 |
details, prediction |
GXShares
GXS
|
-0.31745183 |
details, prediction |
|
Third tier
|
PCHAIN
PAI
|
-0.7032815 |
details, prediction |
NameCoin
NMC
|
-0.65938616 |
details, prediction |
CounterParty
XCP
|
-0.626707 |
details, prediction |
Blockport
BPT
|
-0.6157112 |
details, prediction |
Apx
APX
|
-0.61393076 |
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)