Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.94233376 |
details, prediction |
Dogecoin
DOGE
|
0.92721015 |
details, prediction |
XRP
XRP
|
0.8597228 |
details, prediction |
Bitcoin Cash
BCH
|
0.8106513 |
details, prediction |
KuCoin Shares
KCS
|
0.7814223 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9815847 |
details, prediction |
Waves
WAVES
|
0.9676232 |
details, prediction |
Ravencoin
RVN
|
0.96537423 |
details, prediction |
Status
SNT
|
0.955256 |
details, prediction |
Telcoin
TEL
|
0.941752 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.97612774 |
details, prediction |
Internet of Services
IOST
|
0.97446686 |
details, prediction |
SwftCoin
SWFTC
|
0.9737875 |
details, prediction |
Steem
STEEM
|
0.96855813 |
details, prediction |
Civic
CVC
|
0.9681635 |
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
|
Monero
XMR
|
-0.061649125 |
details, prediction |
Stellar
XLM
|
0.11982971 |
details, prediction |
ChainLink
LINK
|
0.20217092 |
details, prediction |
Ethereum
ETH
|
0.23095337 |
details, prediction |
ZCash
ZEC
|
0.32195708 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.69799155 |
details, prediction |
USD//Coin
USDC
|
-0.37522998 |
details, prediction |
DigiByte
DGB
|
-0.3445636 |
details, prediction |
True USD
TUSD
|
-0.051378306 |
details, prediction |
Bitcoin SV
BSV
|
0.1331091 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.32993373 |
details, prediction |
Propy
PRO
|
-0.29655936 |
details, prediction |
NKN
NKN
|
-0.27338964 |
details, prediction |
Phantasma
SOUL
|
0.05227617 |
details, prediction |
OPEN Platform
OPEN
|
0.26090965 |
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)