How is Hut34 correlated to other assets?
Hut34 is most positively correlated with Frax (FRAX), Bitcoin (BTC), Ravencoin (RVN), Decred (DCR) and Reserve Rights (RSR). Positive correlation means that these coins commonly trend in the same direction at the same time. Hut34 is most negatively correlated with Synthetix (SNX), Quant (QNT), Filecoin (FIL), ApeCoin (APE) and Internet Computer (ICP) , which means that the {{coin.coin_name}} price typically moves in the opposite direction compared to these coins.