Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.91214925 |
details, prediction |
Ethereum Classic
ETC
|
0.9107455 |
details, prediction |
ZCash
ZEC
|
0.896289 |
details, prediction |
Stellar
XLM
|
0.87350595 |
details, prediction |
ChainLink
LINK
|
0.86081 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.99649274 |
details, prediction |
Horizen
ZEN
|
0.9926278 |
details, prediction |
Decentraland
MANA
|
0.9882027 |
details, prediction |
iEx.ec
RLC
|
0.98616815 |
details, prediction |
Basic Attention Token
BAT
|
0.98600256 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.99678326 |
details, prediction |
SwftCoin
SWFTC
|
0.98956126 |
details, prediction |
IoTeX
IOTX
|
0.9892072 |
details, prediction |
Power Ledger
POWR
|
0.9865537 |
details, prediction |
Civic
CVC
|
0.98596585 |
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
|
-0.41520342 |
details, prediction |
UNUS SED LEO
LEO
|
0.32108378 |
details, prediction |
Binance Coin
BNB
|
0.40024698 |
details, prediction |
Dogecoin
DOGE
|
0.602213 |
details, prediction |
XRP
XRP
|
0.69680154 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.44476968 |
details, prediction |
Decred
DCR
|
-0.20066038 |
details, prediction |
True USD
TUSD
|
0.036911115 |
details, prediction |
Verge
XVG
|
0.34238032 |
details, prediction |
Zilliqa
ZIL
|
0.34743848 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.24432106 |
details, prediction |
BABB
BAX
|
-0.10520039 |
details, prediction |
Constellation
DAG
|
-0.09485746 |
details, prediction |
Dero
DERO
|
0.047295894 |
details, prediction |
Dent
DENT
|
0.33924288 |
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)