Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9631443 |
details, prediction |
Litecoin
LTC
|
0.94365966 |
details, prediction |
Crypto.com Chain
CRO
|
0.94284856 |
details, prediction |
XRP
XRP
|
0.9239378 |
details, prediction |
Bitcoin Cash
BCH
|
0.9197816 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.96845466 |
details, prediction |
Tezos
XTZ
|
0.9626318 |
details, prediction |
Waves
WAVES
|
0.9459343 |
details, prediction |
Bitcoin Gold
BTG
|
0.9409259 |
details, prediction |
aelf
ELF
|
0.93690836 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9588048 |
details, prediction |
Lisk
LSK
|
0.9584735 |
details, prediction |
ARK
ARK
|
0.95124733 |
details, prediction |
IoTeX
IOTX
|
0.9509147 |
details, prediction |
LAToken
LA
|
0.94604796 |
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
|
UNUS SED LEO
LEO
|
-0.9812188 |
details, prediction |
Stellar
XLM
|
-0.62278455 |
details, prediction |
ZCash
ZEC
|
-0.2958636 |
details, prediction |
TRON
TRX
|
-0.28510123 |
details, prediction |
Monero
XMR
|
0.3457805 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6661167 |
details, prediction |
Dai
DAI
|
-0.60130167 |
details, prediction |
OriginTrail
TRAC
|
-0.52253306 |
details, prediction |
True USD
TUSD
|
-0.48542008 |
details, prediction |
Telcoin
TEL
|
-0.23503087 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.3698284 |
details, prediction |
V Systems
VSYS
|
-0.13768113 |
details, prediction |
FunFair
FUN
|
0.024522308 |
details, prediction |
HEROcoin
PLAY
|
0.14723092 |
details, prediction |
Enjin Coin
ENJ
|
0.16936392 |
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)