Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.066932105 |
details, prediction |
TRON
TRX
|
0.021123827 |
details, prediction |
KuCoin Shares
KCS
|
-0.020172296 |
details, prediction |
Ethereum Classic
ETC
|
-0.37118745 |
details, prediction |
Bitcoin Cash
BCH
|
-0.40313852 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8499709 |
details, prediction |
USD//Coin
USDC
|
0.81884086 |
details, prediction |
True USD
TUSD
|
0.81740034 |
details, prediction |
Telcoin
TEL
|
0.6695313 |
details, prediction |
Chiliz
CHZ
|
0.6312726 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.8840423 |
details, prediction |
Matrix AI Network
MAN
|
0.83652514 |
details, prediction |
PIVX
PIVX
|
0.8122542 |
details, prediction |
NKN
NKN
|
0.6573755 |
details, prediction |
Propy
PRO
|
0.57275754 |
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
|
-0.8624688 |
details, prediction |
Binance Coin
BNB
|
-0.8023814 |
details, prediction |
Ethereum
ETH
|
-0.7880466 |
details, prediction |
ChainLink
LINK
|
-0.77803606 |
details, prediction |
Cardano
ADA
|
-0.7560682 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.8148165 |
details, prediction |
Decred
DCR
|
-0.7415015 |
details, prediction |
Horizen
ZEN
|
-0.684967 |
details, prediction |
Vechain
VET
|
-0.6821585 |
details, prediction |
Bitcoin SV
BSV
|
-0.6496879 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.66457677 |
details, prediction |
Bancor
BNT
|
-0.6167389 |
details, prediction |
QuarkChain
QKC
|
-0.58958286 |
details, prediction |
Metal
MTL
|
-0.5744937 |
details, prediction |
Stox
STX
|
-0.5612747 |
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)