Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9741341 |
details, prediction |
Litecoin
LTC
|
0.96697205 |
details, prediction |
XRP
XRP
|
0.95380455 |
details, prediction |
Crypto.com Chain
CRO
|
0.9535516 |
details, prediction |
Bitcoin Cash
BCH
|
0.9461668 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97817844 |
details, prediction |
Tezos
XTZ
|
0.9699796 |
details, prediction |
Ravencoin
RVN
|
0.96674067 |
details, prediction |
Status
SNT
|
0.9659621 |
details, prediction |
Vechain
VET
|
0.96514964 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9790499 |
details, prediction |
Lisk
LSK
|
0.9778007 |
details, prediction |
IoTeX
IOTX
|
0.9725914 |
details, prediction |
ARK
ARK
|
0.97155756 |
details, prediction |
Gas
GAS
|
0.97082275 |
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
|
Stellar
XLM
|
-0.6083101 |
details, prediction |
ZCash
ZEC
|
-0.11643043 |
details, prediction |
TRON
TRX
|
0.06211611 |
details, prediction |
Monero
XMR
|
0.58604646 |
details, prediction |
Binance Coin
BNB
|
0.5927316 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6669717 |
details, prediction |
Dai
DAI
|
-0.6150405 |
details, prediction |
True USD
TUSD
|
-0.43986917 |
details, prediction |
Telcoin
TEL
|
-0.29378146 |
details, prediction |
OriginTrail
TRAC
|
-0.13939974 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.38829753 |
details, prediction |
Komodo
KMD
|
-0.24869719 |
details, prediction |
V Systems
VSYS
|
-0.034880728 |
details, prediction |
Chronobank
TIME
|
0.033728693 |
details, prediction |
OPEN Platform
OPEN
|
0.11111533 |
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)