Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9345661 |
details, prediction |
Ethereum Classic
ETC
|
0.9327593 |
details, prediction |
Bitcoin
BTC
|
0.90653104 |
details, prediction |
Dogecoin
DOGE
|
0.88212365 |
details, prediction |
Cardano
ADA
|
0.8752489 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.92976904 |
details, prediction |
NEO
NEO
|
0.9048181 |
details, prediction |
Zilliqa
ZIL
|
0.89538246 |
details, prediction |
Horizen
ZEN
|
0.89245445 |
details, prediction |
0x
ZRX
|
0.87130505 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9308158 |
details, prediction |
Bancor
BNT
|
0.89062375 |
details, prediction |
Civic
CVC
|
0.88346213 |
details, prediction |
Internet of Services
IOST
|
0.862224 |
details, prediction |
Power Ledger
POWR
|
0.86123943 |
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
|
-0.6127096 |
details, prediction |
ZCash
ZEC
|
0.2744529 |
details, prediction |
TRON
TRX
|
0.31587332 |
details, prediction |
Binance Coin
BNB
|
0.6785188 |
details, prediction |
Bitcoin Cash
BCH
|
0.7714727 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7349502 |
details, prediction |
Dai
DAI
|
-0.6837615 |
details, prediction |
True USD
TUSD
|
-0.35133255 |
details, prediction |
Telcoin
TEL
|
0.05154127 |
details, prediction |
OriginTrail
TRAC
|
0.060577616 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.74650973 |
details, prediction |
Komodo
KMD
|
-0.27545086 |
details, prediction |
Matrix AI Network
MAN
|
0.16159093 |
details, prediction |
OPEN Platform
OPEN
|
0.17278922 |
details, prediction |
NKN
NKN
|
0.21780074 |
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)