Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.94015074 |
details, prediction |
Ethereum Classic
ETC
|
0.92628706 |
details, prediction |
ZCash
ZEC
|
0.90493304 |
details, prediction |
Bitcoin Cash
BCH
|
0.89911497 |
details, prediction |
KuCoin Shares
KCS
|
0.89355224 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9843133 |
details, prediction |
Telcoin
TEL
|
0.9829373 |
details, prediction |
Basic Attention Token
BAT
|
0.98178625 |
details, prediction |
QTUM
QTUM
|
0.9798131 |
details, prediction |
Status
SNT
|
0.9779984 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.98936427 |
details, prediction |
Power Ledger
POWR
|
0.98492306 |
details, prediction |
PIVX
PIVX
|
0.98417723 |
details, prediction |
Civic
CVC
|
0.9830498 |
details, prediction |
Lisk
LSK
|
0.97690463 |
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
|
TRON
TRX
|
-0.67591333 |
details, prediction |
UNUS SED LEO
LEO
|
0.14747211 |
details, prediction |
Binance Coin
BNB
|
0.5689872 |
details, prediction |
Dogecoin
DOGE
|
0.73912966 |
details, prediction |
Stellar
XLM
|
0.76669115 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.414163 |
details, prediction |
Decred
DCR
|
-0.31089187 |
details, prediction |
True USD
TUSD
|
0.11644295 |
details, prediction |
Nexo
NEXO
|
0.47568783 |
details, prediction |
Verge
XVG
|
0.48553532 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.19789085 |
details, prediction |
Dent
DENT
|
-0.15425761 |
details, prediction |
HEROcoin
PLAY
|
0.16814385 |
details, prediction |
Propy
PRO
|
0.20238931 |
details, prediction |
NKN
NKN
|
0.25037 |
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)