Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.82077175 |
details, prediction |
Theta
THETA
|
0.70611906 |
details, prediction |
ChainLink
LINK
|
0.62141556 |
details, prediction |
Matic Network
MATIC
|
0.6177902 |
details, prediction |
Cosmos
ATOM
|
0.6124117 |
details, prediction |
Second tier
|
Quant Network
QNT
|
0.8365274 |
details, prediction |
Synthetix Network Token
SNX
|
0.83343637 |
details, prediction |
Basic Attention Token
BAT
|
0.8136987 |
details, prediction |
iEx.ec
RLC
|
0.7002105 |
details, prediction |
aelf
ELF
|
0.64838827 |
details, prediction |
Third tier
|
GXChain
GXC
|
0.96366066 |
details, prediction |
Everipedia
IQ
|
0.93194926 |
details, prediction |
VertCoin
VTC
|
0.908147 |
details, prediction |
FlorinCoin
FLO
|
0.8881156 |
details, prediction |
0chain
ZCN
|
0.8772421 |
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
|
-0.1239757 |
details, prediction |
KuCoin Shares
KCS
|
0.12369755 |
details, prediction |
Huobi Token
HT
|
0.23119514 |
details, prediction |
Bitcoin
BTC
|
0.2573672 |
details, prediction |
Monero
XMR
|
0.26257503 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.42821923 |
details, prediction |
Dai
DAI
|
-0.3063713 |
details, prediction |
USD//Coin
USDC
|
-0.30509716 |
details, prediction |
Paxos Standard
PAX
|
-0.29967412 |
details, prediction |
EthLend
LEND
|
-0.25032884 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.4361533 |
details, prediction |
PetroDollar
XPD
|
-0.42483065 |
details, prediction |
DigiCube
CUBE
|
-0.39309326 |
details, prediction |
OKCash
OK
|
-0.384925 |
details, prediction |
DimeCoin
DIME
|
-0.35149035 |
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)