Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.95693773 |
details, prediction |
Litecoin
LTC
|
0.95279914 |
details, prediction |
Cardano
ADA
|
0.93615556 |
details, prediction |
Ethereum Classic
ETC
|
0.9192308 |
details, prediction |
XRP
XRP
|
0.9137047 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.93334097 |
details, prediction |
0x
ZRX
|
0.92391986 |
details, prediction |
Decentraland
MANA
|
0.9181972 |
details, prediction |
Bitcoin Gold
BTG
|
0.91427946 |
details, prediction |
NEO
NEO
|
0.9110496 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.94952965 |
details, prediction |
Storj
STORJ
|
0.89850473 |
details, prediction |
Gas
GAS
|
0.8847383 |
details, prediction |
Hydro Protocol
HOT
|
0.8751837 |
details, prediction |
Lisk
LSK
|
0.87294316 |
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
|
Stellar
XLM
|
-0.56575674 |
details, prediction |
TRON
TRX
|
0.23773451 |
details, prediction |
ZCash
ZEC
|
0.27540246 |
details, prediction |
Binance Coin
BNB
|
0.77511305 |
details, prediction |
KuCoin Shares
KCS
|
0.8089617 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7898502 |
details, prediction |
Dai
DAI
|
-0.767565 |
details, prediction |
True USD
TUSD
|
-0.49837962 |
details, prediction |
Telcoin
TEL
|
0.06804948 |
details, prediction |
OriginTrail
TRAC
|
0.23868693 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.008558415 |
details, prediction |
Propy
PRO
|
0.08081113 |
details, prediction |
V Systems
VSYS
|
0.17390053 |
details, prediction |
BABB
BAX
|
0.28712696 |
details, prediction |
OPEN Platform
OPEN
|
0.38259876 |
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)