Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.7536251 |
details, prediction |
ZCash
ZEC
|
0.72685134 |
details, prediction |
Dogecoin
DOGE
|
0.6845775 |
details, prediction |
ChainLink
LINK
|
0.62919945 |
details, prediction |
KuCoin Shares
KCS
|
0.5725246 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.77031153 |
details, prediction |
FTX Token
FTT
|
0.76822376 |
details, prediction |
DASH
DASH
|
0.7339375 |
details, prediction |
Theta
THETA
|
0.7318565 |
details, prediction |
0x
ZRX
|
0.71161586 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8918591 |
details, prediction |
Bancor
BNT
|
0.75786 |
details, prediction |
Lisk
LSK
|
0.7201064 |
details, prediction |
Civic
CVC
|
0.70524657 |
details, prediction |
QuarkChain
QKC
|
0.6886623 |
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
|
-0.22777613 |
details, prediction |
TRON
TRX
|
0.07633085 |
details, prediction |
Bitcoin Cash
BCH
|
0.16476147 |
details, prediction |
Crypto.com Chain
CRO
|
0.17250818 |
details, prediction |
Ethereum
ETH
|
0.18204458 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5040934 |
details, prediction |
USD//Coin
USDC
|
-0.34120983 |
details, prediction |
Bitcoin Gold
BTG
|
-0.2928376 |
details, prediction |
Decred
DCR
|
-0.28811237 |
details, prediction |
Verge
XVG
|
-0.18997495 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.42205477 |
details, prediction |
FunFair
FUN
|
-0.36527252 |
details, prediction |
BABB
BAX
|
-0.32730138 |
details, prediction |
Constellation
DAG
|
-0.3031581 |
details, prediction |
Wanchain
WAN
|
-0.2807306 |
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)