Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9563334 |
details, prediction |
Cardano
ADA
|
0.93943167 |
details, prediction |
Bitcoin
BTC
|
0.92012626 |
details, prediction |
Litecoin
LTC
|
0.91071045 |
details, prediction |
Crypto.com Chain
CRO
|
0.9072327 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.941907 |
details, prediction |
Synthetix Network Token
SNX
|
0.9414014 |
details, prediction |
Status
SNT
|
0.92691284 |
details, prediction |
Bitcoin Gold
BTG
|
0.92585796 |
details, prediction |
QTUM
QTUM
|
0.92551684 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9424185 |
details, prediction |
Civic
CVC
|
0.92999816 |
details, prediction |
Bancor
BNT
|
0.9250324 |
details, prediction |
Power Ledger
POWR
|
0.91676396 |
details, prediction |
Internet of Services
IOST
|
0.91619426 |
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
|
-0.6286198 |
details, prediction |
ZCash
ZEC
|
0.17516734 |
details, prediction |
TRON
TRX
|
0.21070993 |
details, prediction |
Binance Coin
BNB
|
0.765031 |
details, prediction |
Ethereum
ETH
|
0.8249273 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8486928 |
details, prediction |
Dai
DAI
|
-0.73437214 |
details, prediction |
True USD
TUSD
|
-0.6176882 |
details, prediction |
OriginTrail
TRAC
|
0.31745085 |
details, prediction |
Telcoin
TEL
|
0.33300737 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.06983453 |
details, prediction |
Propy
PRO
|
-0.06674906 |
details, prediction |
V Systems
VSYS
|
0.07890496 |
details, prediction |
Phantasma
SOUL
|
0.119492024 |
details, prediction |
NKN
NKN
|
0.3397953 |
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)