Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.89999473 |
details, prediction |
Ethereum Classic
ETC
|
0.86801815 |
details, prediction |
Stellar
XLM
|
0.86238563 |
details, prediction |
ChainLink
LINK
|
0.84901536 |
details, prediction |
ZCash
ZEC
|
0.83922404 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.9962631 |
details, prediction |
Telcoin
TEL
|
0.98611367 |
details, prediction |
0x
ZRX
|
0.9849397 |
details, prediction |
Decentraland
MANA
|
0.98391855 |
details, prediction |
QTUM
QTUM
|
0.983697 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.9930099 |
details, prediction |
Storj
STORJ
|
0.9880432 |
details, prediction |
ICON
ICX
|
0.98487896 |
details, prediction |
AdEx
ADX
|
0.97585523 |
details, prediction |
Dent
DENT
|
0.97473985 |
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
|
-0.3407211 |
details, prediction |
Binance Coin
BNB
|
0.020453477 |
details, prediction |
Dogecoin
DOGE
|
0.4454281 |
details, prediction |
UNUS SED LEO
LEO
|
0.4474084 |
details, prediction |
XRP
XRP
|
0.6198283 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.500622 |
details, prediction |
True USD
TUSD
|
-0.22498158 |
details, prediction |
Decred
DCR
|
0.18409908 |
details, prediction |
Zilliqa
ZIL
|
0.33614972 |
details, prediction |
Verge
XVG
|
0.34189874 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.78715986 |
details, prediction |
Constellation
DAG
|
-0.4530696 |
details, prediction |
Dero
DERO
|
-0.09143697 |
details, prediction |
BOScoin
BOS
|
0.04003168 |
details, prediction |
Elastos
ELA
|
0.6135397 |
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)