Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8790604 |
details, prediction |
Ethereum Classic
ETC
|
0.87814426 |
details, prediction |
Litecoin
LTC
|
0.8418287 |
details, prediction |
Dogecoin
DOGE
|
0.8053005 |
details, prediction |
XRP
XRP
|
0.7748903 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9330455 |
details, prediction |
Theta Fuel
TFUEL
|
0.9061954 |
details, prediction |
Verge
XVG
|
0.9010985 |
details, prediction |
NEO
NEO
|
0.9002635 |
details, prediction |
Vechain
VET
|
0.8915334 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.92590165 |
details, prediction |
Steem
STEEM
|
0.9210987 |
details, prediction |
Kyber Network
KNC
|
0.9192565 |
details, prediction |
Stox
STX
|
0.898657 |
details, prediction |
Civic
CVC
|
0.882518 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Siacoin 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 Siacoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.0696773 |
details, prediction |
KuCoin Shares
KCS
|
0.5094129 |
details, prediction |
Cardano
ADA
|
0.67259604 |
details, prediction |
Stellar
XLM
|
0.6996253 |
details, prediction |
Monero
XMR
|
0.70506227 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6102691 |
details, prediction |
USD//Coin
USDC
|
-0.43985826 |
details, prediction |
True USD
TUSD
|
-0.40462685 |
details, prediction |
aelf
ELF
|
-0.071990654 |
details, prediction |
Bitcoin Gold
BTG
|
0.09957548 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7529599 |
details, prediction |
HEROcoin
PLAY
|
-0.6071246 |
details, prediction |
ICON
ICX
|
-0.582756 |
details, prediction |
Matrix AI Network
MAN
|
-0.5428762 |
details, prediction |
NKN
NKN
|
-0.52558535 |
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)