Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9314843 |
details, prediction |
Crypto.com Chain
CRO
|
0.8926151 |
details, prediction |
Cardano
ADA
|
0.8571428 |
details, prediction |
KuCoin Shares
KCS
|
0.78274596 |
details, prediction |
Ethereum Classic
ETC
|
0.692508 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97333854 |
details, prediction |
Waves
WAVES
|
0.9728444 |
details, prediction |
Bitcoin Gold
BTG
|
0.9548743 |
details, prediction |
IOTA
IOT
|
0.94110215 |
details, prediction |
Status
SNT
|
0.9343222 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9801255 |
details, prediction |
IoTeX
IOTX
|
0.9718204 |
details, prediction |
Internet of Services
IOST
|
0.95214343 |
details, prediction |
SysCoin
SYS
|
0.9390348 |
details, prediction |
SingularityNET
AGI
|
0.93637043 |
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
|
-0.8228697 |
details, prediction |
UNUS SED LEO
LEO
|
-0.4567 |
details, prediction |
ZCash
ZEC
|
-0.21980774 |
details, prediction |
Ethereum
ETH
|
-0.1063519 |
details, prediction |
Bitcoin
BTC
|
-0.061364733 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.58625776 |
details, prediction |
Algorand
ALGO
|
-0.28720084 |
details, prediction |
Bitcoin SV
BSV
|
-0.2561887 |
details, prediction |
HoloToken
HOT
|
-0.1659697 |
details, prediction |
Decred
DCR
|
-0.061460033 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6257984 |
details, prediction |
Ontology
ONT
|
-0.6248071 |
details, prediction |
OPEN Platform
OPEN
|
-0.4577653 |
details, prediction |
Enjin Coin
ENJ
|
-0.4199718 |
details, prediction |
Steem
STEEM
|
-0.22870281 |
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)