Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.934914 |
details, prediction |
ChainLink
LINK
|
0.87764436 |
details, prediction |
Ethereum Classic
ETC
|
0.87097603 |
details, prediction |
Bitcoin
BTC
|
0.8411142 |
details, prediction |
Dogecoin
DOGE
|
0.80870306 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.83409804 |
details, prediction |
NEO
NEO
|
0.8287967 |
details, prediction |
Horizen
ZEN
|
0.7971065 |
details, prediction |
FTX Token
FTT
|
0.77733386 |
details, prediction |
Zilliqa
ZIL
|
0.7585634 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.81876355 |
details, prediction |
Stox
STX
|
0.7886037 |
details, prediction |
Civic
CVC
|
0.76492983 |
details, prediction |
Power Ledger
POWR
|
0.75005144 |
details, prediction |
Metal
MTL
|
0.7195719 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Storj 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 Storj
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.51374006 |
details, prediction |
TRON
TRX
|
0.2263823 |
details, prediction |
ZCash
ZEC
|
0.4157765 |
details, prediction |
Binance Coin
BNB
|
0.46007237 |
details, prediction |
Bitcoin Cash
BCH
|
0.52689046 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.561812 |
details, prediction |
USD//Coin
USDC
|
-0.47158557 |
details, prediction |
OriginTrail
TRAC
|
-0.0521867 |
details, prediction |
True USD
TUSD
|
-0.02181205 |
details, prediction |
Verge
XVG
|
0.11831671 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.6649995 |
details, prediction |
Komodo
KMD
|
-0.10694075 |
details, prediction |
NKN
NKN
|
0.056833036 |
details, prediction |
Wanchain
WAN
|
0.09643314 |
details, prediction |
Ontology
ONT
|
0.12630202 |
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)