Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.70875615 |
details, prediction |
Ethereum Classic
ETC
|
0.4666379 |
details, prediction |
KuCoin Shares
KCS
|
0.35156503 |
details, prediction |
Dogecoin
DOGE
|
0.34983215 |
details, prediction |
Bitcoin Cash
BCH
|
0.17865705 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.95392877 |
details, prediction |
aelf
ELF
|
0.9066749 |
details, prediction |
Ravencoin
RVN
|
0.89912647 |
details, prediction |
Basic Attention Token
BAT
|
0.8948519 |
details, prediction |
Zilliqa
ZIL
|
0.86547697 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.90318394 |
details, prediction |
Internet of Services
IOST
|
0.86841935 |
details, prediction |
PIVX
PIVX
|
0.8607433 |
details, prediction |
SwftCoin
SWFTC
|
0.8526558 |
details, prediction |
Enjin Coin
ENJ
|
0.83613694 |
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
|
-0.7509976 |
details, prediction |
ChainLink
LINK
|
-0.6365958 |
details, prediction |
Ethereum
ETH
|
-0.626856 |
details, prediction |
ZCash
ZEC
|
-0.54741865 |
details, prediction |
Bitcoin
BTC
|
-0.4042579 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7764503 |
details, prediction |
DigiByte
DGB
|
-0.77048206 |
details, prediction |
Bitcoin SV
BSV
|
-0.56316656 |
details, prediction |
Decred
DCR
|
-0.37271976 |
details, prediction |
Vechain
VET
|
-0.21738146 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.63727164 |
details, prediction |
Dent
DENT
|
-0.40123245 |
details, prediction |
AdEx
ADX
|
-0.22596751 |
details, prediction |
Hydro Protocol
HOT
|
-0.22473902 |
details, prediction |
Propy
PRO
|
-0.18404347 |
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)