Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.864693 |
details, prediction |
Ethereum Classic
ETC
|
0.71807116 |
details, prediction |
Crypto.com Chain
CRO
|
0.6927769 |
details, prediction |
Dogecoin
DOGE
|
0.6834025 |
details, prediction |
ChainLink
LINK
|
0.59672594 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.8532967 |
details, prediction |
Horizen
ZEN
|
0.82562596 |
details, prediction |
iEx.ec
RLC
|
0.7787363 |
details, prediction |
Bitcoin Gold
BTG
|
0.76703274 |
details, prediction |
Vechain
VET
|
0.75227433 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.92771906 |
details, prediction |
ICON
ICX
|
0.7837082 |
details, prediction |
Lisk
LSK
|
0.7765882 |
details, prediction |
Chronobank
TIME
|
0.7584426 |
details, prediction |
Power Ledger
POWR
|
0.7575042 |
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
|
-0.30734164 |
details, prediction |
UNUS SED LEO
LEO
|
-0.24556865 |
details, prediction |
Stellar
XLM
|
0.19141127 |
details, prediction |
Ethereum
ETH
|
0.35037845 |
details, prediction |
Bitcoin
BTC
|
0.47707352 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.24917473 |
details, prediction |
Nexo
NEXO
|
-0.124945976 |
details, prediction |
Dai
DAI
|
-0.07035668 |
details, prediction |
USD//Coin
USDC
|
0.06997321 |
details, prediction |
Verge
XVG
|
0.21325293 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.3463388 |
details, prediction |
Dent
DENT
|
-0.28118968 |
details, prediction |
Propy
PRO
|
-0.25379956 |
details, prediction |
V Systems
VSYS
|
-0.18588822 |
details, prediction |
FunFair
FUN
|
-0.15966296 |
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)