Analysis of price correlation from Anthony Xie, founder of Hodlbot shows that CCs are still in very young stage of blockchain industry. From 200 top coins by market capitalization, 75% has 0.67 and 50% has 0.80 correlation coefficient. Correlation coefficient is from -1 to 1. Pairs with coefficient 1 are moving always same direction, with 0 are not correlated, with -1 pairs are always moving opposite direction. According to analysis Bitcoin, Ethereum, Litecoin, Dash, Monero etc. has very strong correlations. Lowest found, -0.0013 is between Vechain and Dash. This informations can be very important for investors who wants hedge theirs CC portfolios and limit their investment risk.