Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.5970411 |
details, prediction |
KuCoin Shares
KCS
|
0.3039861 |
details, prediction |
Ethereum Classic
ETC
|
-0.0013139396 |
details, prediction |
TRON
TRX
|
-0.11544514 |
details, prediction |
Dogecoin
DOGE
|
-0.13634844 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8569476 |
details, prediction |
aelf
ELF
|
0.85257757 |
details, prediction |
Waves
WAVES
|
0.8371382 |
details, prediction |
Telcoin
TEL
|
0.8273602 |
details, prediction |
Basic Attention Token
BAT
|
0.81757367 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9015117 |
details, prediction |
SwftCoin
SWFTC
|
0.8246079 |
details, prediction |
PIVX
PIVX
|
0.8182932 |
details, prediction |
Matrix AI Network
MAN
|
0.81671286 |
details, prediction |
Enjin Coin
ENJ
|
0.77693754 |
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
|
Monero
XMR
|
-0.85876733 |
details, prediction |
ChainLink
LINK
|
-0.7861207 |
details, prediction |
Ethereum
ETH
|
-0.78450376 |
details, prediction |
Binance Coin
BNB
|
-0.7575798 |
details, prediction |
Cardano
ADA
|
-0.74802905 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.83936256 |
details, prediction |
Decred
DCR
|
-0.7583438 |
details, prediction |
Bitcoin SV
BSV
|
-0.7089397 |
details, prediction |
Vechain
VET
|
-0.6282476 |
details, prediction |
Horizen
ZEN
|
-0.5997924 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.6217515 |
details, prediction |
V Systems
VSYS
|
-0.56329864 |
details, prediction |
Bancor
BNT
|
-0.53178763 |
details, prediction |
Stox
STX
|
-0.39014992 |
details, prediction |
Hydro Protocol
HOT
|
-0.36380383 |
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)