Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.90767646 |
details, prediction |
Crypto.com Chain
CRO
|
0.76791084 |
details, prediction |
Cardano
ADA
|
0.7313961 |
details, prediction |
XRP
XRP
|
0.34273 |
details, prediction |
Ethereum Classic
ETC
|
0.24498631 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.96099615 |
details, prediction |
Waves
WAVES
|
0.96033174 |
details, prediction |
Zilliqa
ZIL
|
0.9147585 |
details, prediction |
IOTA
IOT
|
0.882806 |
details, prediction |
Ardor
ARDR
|
0.8605824 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9722078 |
details, prediction |
IoTeX
IOTX
|
0.9470801 |
details, prediction |
Internet of Services
IOST
|
0.90174955 |
details, prediction |
Komodo
KMD
|
0.8995291 |
details, prediction |
Stox
STX
|
0.88890135 |
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
|
-0.7924841 |
details, prediction |
Ethereum
ETH
|
-0.6314133 |
details, prediction |
Bitcoin
BTC
|
-0.45440114 |
details, prediction |
Monero
XMR
|
-0.31599665 |
details, prediction |
ChainLink
LINK
|
-0.25504658 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.451454 |
details, prediction |
Algorand
ALGO
|
-0.3954626 |
details, prediction |
Nexo
NEXO
|
-0.2856699 |
details, prediction |
True USD
TUSD
|
-0.25519753 |
details, prediction |
HoloToken
HOT
|
-0.24562117 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8298345 |
details, prediction |
Ontology
ONT
|
-0.6005197 |
details, prediction |
NKN
NKN
|
-0.41240063 |
details, prediction |
Steem
STEEM
|
-0.4029508 |
details, prediction |
Enjin Coin
ENJ
|
-0.3804448 |
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)