Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9938821 |
details, prediction |
Ethereum Classic
ETC
|
0.864876 |
details, prediction |
Cardano
ADA
|
0.8445017 |
details, prediction |
Stellar
XLM
|
0.82558745 |
details, prediction |
Bitcoin Cash
BCH
|
0.8138284 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9926495 |
details, prediction |
Theta
THETA
|
0.99011195 |
details, prediction |
Vechain
VET
|
0.9896432 |
details, prediction |
Cosmos
ATOM
|
0.98754597 |
details, prediction |
Chiliz
CHZ
|
0.98458606 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.9190913 |
details, prediction |
Power Ledger
POWR
|
0.9120858 |
details, prediction |
Dent
DENT
|
0.88682854 |
details, prediction |
NEM
XEM
|
0.8856368 |
details, prediction |
Kyber Network
KNC
|
0.876472 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ChainLink 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 ChainLink
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7610135 |
details, prediction |
Binance Coin
BNB
|
-0.17730558 |
details, prediction |
Dogecoin
DOGE
|
-0.0013196323 |
details, prediction |
XRP
XRP
|
0.34284902 |
details, prediction |
UNUS SED LEO
LEO
|
0.4037587 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.82560486 |
details, prediction |
True USD
TUSD
|
-0.32735115 |
details, prediction |
Verge
XVG
|
6.2295236E-4 |
details, prediction |
Decred
DCR
|
0.03710332 |
details, prediction |
Zilliqa
ZIL
|
0.18568453 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.9781336 |
details, prediction |
Constellation
DAG
|
-0.5685424 |
details, prediction |
Dero
DERO
|
-0.52995104 |
details, prediction |
BOScoin
BOS
|
0.01466436 |
details, prediction |
Elastos
ELA
|
0.22734196 |
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)