Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9747009 |
details, prediction |
Bitcoin
BTC
|
0.93004197 |
details, prediction |
ZCash
ZEC
|
0.92768204 |
details, prediction |
Monero
XMR
|
0.9053667 |
details, prediction |
Binance Coin
BNB
|
0.8700806 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.86462367 |
details, prediction |
DigiByte
DGB
|
0.7765788 |
details, prediction |
Vechain
VET
|
0.76469326 |
details, prediction |
Bitcoin Gold
BTG
|
0.7465895 |
details, prediction |
QTUM
QTUM
|
0.7144563 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.80540407 |
details, prediction |
Dent
DENT
|
0.7776721 |
details, prediction |
SysCoin
SYS
|
0.6999734 |
details, prediction |
V Systems
VSYS
|
0.63128734 |
details, prediction |
Achain
ACT
|
0.62495136 |
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
|
-0.13099502 |
details, prediction |
Ethereum Classic
ETC
|
0.27315024 |
details, prediction |
KuCoin Shares
KCS
|
0.31168595 |
details, prediction |
Dogecoin
DOGE
|
0.3278392 |
details, prediction |
Bitcoin Cash
BCH
|
0.48359397 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6296645 |
details, prediction |
Waves
WAVES
|
-0.5875231 |
details, prediction |
aelf
ELF
|
-0.5230629 |
details, prediction |
Ravencoin
RVN
|
-0.5173305 |
details, prediction |
Telcoin
TEL
|
-0.46850255 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.86274594 |
details, prediction |
ICON
ICX
|
-0.766498 |
details, prediction |
Storj
STORJ
|
-0.6365958 |
details, prediction |
Electroneum
ETN
|
-0.49322104 |
details, prediction |
OPEN Platform
OPEN
|
-0.4709087 |
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)