Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9470838 |
details, prediction |
Bitcoin
BTC
|
0.8991911 |
details, prediction |
KuCoin Shares
KCS
|
0.8509254 |
details, prediction |
Dogecoin
DOGE
|
0.8406063 |
details, prediction |
Litecoin
LTC
|
0.83333385 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9009564 |
details, prediction |
0x
ZRX
|
0.8905443 |
details, prediction |
Horizen
ZEN
|
0.87384003 |
details, prediction |
Synthetix Network Token
SNX
|
0.8723423 |
details, prediction |
QTUM
QTUM
|
0.8636151 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.87764436 |
details, prediction |
Bancor
BNT
|
0.86813504 |
details, prediction |
Civic
CVC
|
0.8546958 |
details, prediction |
Power Ledger
POWR
|
0.8467869 |
details, prediction |
Stox
STX
|
0.83635366 |
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
|
-0.46041682 |
details, prediction |
TRON
TRX
|
0.14653869 |
details, prediction |
ZCash
ZEC
|
0.33997777 |
details, prediction |
Binance Coin
BNB
|
0.600922 |
details, prediction |
Bitcoin Cash
BCH
|
0.61260414 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.63214254 |
details, prediction |
USD//Coin
USDC
|
-0.56132615 |
details, prediction |
True USD
TUSD
|
-0.12519364 |
details, prediction |
OriginTrail
TRAC
|
-0.11359951 |
details, prediction |
Telcoin
TEL
|
0.12085487 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.41707465 |
details, prediction |
NKN
NKN
|
0.047004014 |
details, prediction |
Komodo
KMD
|
0.06369855 |
details, prediction |
OPEN Platform
OPEN
|
0.10345809 |
details, prediction |
Ontology
ONT
|
0.16394109 |
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)