Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.6372681 |
details, prediction |
KuCoin Shares
KCS
|
0.1314604 |
details, prediction |
Ethereum Classic
ETC
|
0.065488935 |
details, prediction |
Dogecoin
DOGE
|
-0.020991767 |
details, prediction |
TRON
TRX
|
-0.18183693 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.91157705 |
details, prediction |
Ravencoin
RVN
|
0.88596207 |
details, prediction |
aelf
ELF
|
0.8659164 |
details, prediction |
Basic Attention Token
BAT
|
0.85576814 |
details, prediction |
Telcoin
TEL
|
0.8222704 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.90080255 |
details, prediction |
SwftCoin
SWFTC
|
0.8207714 |
details, prediction |
PIVX
PIVX
|
0.8189817 |
details, prediction |
Enjin Coin
ENJ
|
0.7798112 |
details, prediction |
Matrix AI Network
MAN
|
0.774679 |
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
|
-0.85753065 |
details, prediction |
ChainLink
LINK
|
-0.7779834 |
details, prediction |
Ethereum
ETH
|
-0.77538985 |
details, prediction |
Cardano
ADA
|
-0.7332582 |
details, prediction |
Binance Coin
BNB
|
-0.7255522 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.8531873 |
details, prediction |
Decred
DCR
|
-0.71883124 |
details, prediction |
Bitcoin SV
BSV
|
-0.6995057 |
details, prediction |
Vechain
VET
|
-0.56991315 |
details, prediction |
Horizen
ZEN
|
-0.5203828 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.65543365 |
details, prediction |
Dent
DENT
|
-0.562442 |
details, prediction |
Bancor
BNT
|
-0.50854754 |
details, prediction |
Hydro Protocol
HOT
|
-0.3874207 |
details, prediction |
AdEx
ADX
|
-0.31094667 |
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)