Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7509763 |
details, prediction |
Ethereum Classic
ETC
|
0.7389796 |
details, prediction |
Dogecoin
DOGE
|
0.7020018 |
details, prediction |
ChainLink
LINK
|
0.63119256 |
details, prediction |
Monero
XMR
|
0.56409085 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.78296584 |
details, prediction |
DASH
DASH
|
0.7151111 |
details, prediction |
Cosmos
ATOM
|
0.6791531 |
details, prediction |
Theta
THETA
|
0.6520545 |
details, prediction |
NEO
NEO
|
0.6500406 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.884068 |
details, prediction |
Bancor
BNT
|
0.7736074 |
details, prediction |
HEROcoin
PLAY
|
0.6527014 |
details, prediction |
Civic
CVC
|
0.5361066 |
details, prediction |
Constellation
DAG
|
0.49743304 |
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
|
-0.42179826 |
details, prediction |
Crypto.com Chain
CRO
|
-0.3130739 |
details, prediction |
Bitcoin Cash
BCH
|
-0.12902875 |
details, prediction |
KuCoin Shares
KCS
|
-0.015836954 |
details, prediction |
Ethereum
ETH
|
0.09208546 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.41649196 |
details, prediction |
Decred
DCR
|
-0.39808905 |
details, prediction |
Bitcoin Gold
BTG
|
-0.38517645 |
details, prediction |
Verge
XVG
|
-0.3437751 |
details, prediction |
USD//Coin
USDC
|
-0.28581774 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.86705416 |
details, prediction |
SingularityNET
AGI
|
-0.6195369 |
details, prediction |
BABB
BAX
|
-0.55277836 |
details, prediction |
Phantasma
SOUL
|
-0.5519202 |
details, prediction |
Dent
DENT
|
-0.54905707 |
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)