Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.7772982 |
details, prediction |
Bitcoin Cash
BCH
|
0.77135086 |
details, prediction |
Cardano
ADA
|
0.71026975 |
details, prediction |
XRP
XRP
|
0.34093997 |
details, prediction |
KuCoin Shares
KCS
|
0.20513837 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.95289963 |
details, prediction |
Waves
WAVES
|
0.9401814 |
details, prediction |
Zilliqa
ZIL
|
0.8931715 |
details, prediction |
IOTA
IOT
|
0.83789766 |
details, prediction |
Ardor
ARDR
|
0.83150303 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9652692 |
details, prediction |
IoTeX
IOTX
|
0.9363839 |
details, prediction |
Internet of Services
IOST
|
0.8790574 |
details, prediction |
Komodo
KMD
|
0.87263834 |
details, prediction |
PIVX
PIVX
|
0.8479538 |
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
|
-0.89814824 |
details, prediction |
TRON
TRX
|
-0.7498261 |
details, prediction |
Bitcoin
BTC
|
-0.46119955 |
details, prediction |
Monero
XMR
|
-0.4469217 |
details, prediction |
ZCash
ZEC
|
-0.38210556 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.41380993 |
details, prediction |
OriginTrail
TRAC
|
-0.31483042 |
details, prediction |
True USD
TUSD
|
-0.2840716 |
details, prediction |
DASH
DASH
|
-0.20966041 |
details, prediction |
Bitcoin SV
BSV
|
-0.18088362 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.78738487 |
details, prediction |
Ontology
ONT
|
-0.38561055 |
details, prediction |
HEROcoin
PLAY
|
-0.34585142 |
details, prediction |
Enjin Coin
ENJ
|
-0.3183819 |
details, prediction |
NKN
NKN
|
-0.3007322 |
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)