Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9503028 |
details, prediction |
Cardano
ADA
|
0.9054883 |
details, prediction |
KuCoin Shares
KCS
|
0.89372647 |
details, prediction |
Crypto.com Chain
CRO
|
0.8758485 |
details, prediction |
Ethereum Classic
ETC
|
0.8448311 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9862719 |
details, prediction |
Waves
WAVES
|
0.9835062 |
details, prediction |
Status
SNT
|
0.98215395 |
details, prediction |
Bitcoin Gold
BTG
|
0.97436535 |
details, prediction |
Telcoin
TEL
|
0.9642047 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9848704 |
details, prediction |
Loopring
LRC
|
0.9831753 |
details, prediction |
Internet of Services
IOST
|
0.9718099 |
details, prediction |
SysCoin
SYS
|
0.9630975 |
details, prediction |
SingularityNET
AGI
|
0.961173 |
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
|
-0.7986677 |
details, prediction |
UNUS SED LEO
LEO
|
-0.011312456 |
details, prediction |
ZCash
ZEC
|
0.33126077 |
details, prediction |
Ethereum
ETH
|
0.48607606 |
details, prediction |
Bitcoin
BTC
|
0.5433737 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.22116229 |
details, prediction |
Decred
DCR
|
-0.20550582 |
details, prediction |
True USD
TUSD
|
0.1522304 |
details, prediction |
Nexo
NEXO
|
0.25515008 |
details, prediction |
Algorand
ALGO
|
0.3006598 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5492303 |
details, prediction |
OPEN Platform
OPEN
|
-0.2515126 |
details, prediction |
Enjin Coin
ENJ
|
-0.21805729 |
details, prediction |
Kambria
KAT
|
-0.206226 |
details, prediction |
HEROcoin
PLAY
|
-0.025504638 |
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)