Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9049173 |
details, prediction |
Litecoin
LTC
|
0.88094234 |
details, prediction |
Ethereum
ETH
|
0.8647521 |
details, prediction |
Bitcoin
BTC
|
0.8213013 |
details, prediction |
Monero
XMR
|
0.8001504 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.8148828 |
details, prediction |
aelf
ELF
|
0.7644223 |
details, prediction |
DASH
DASH
|
0.7110217 |
details, prediction |
NEO
NEO
|
0.7053916 |
details, prediction |
Horizen
ZEN
|
0.69192797 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.7449251 |
details, prediction |
Bancor
BNT
|
0.73765856 |
details, prediction |
SwftCoin
SWFTC
|
0.6804588 |
details, prediction |
Lisk
LSK
|
0.6668831 |
details, prediction |
Chronobank
TIME
|
0.65097195 |
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
|
0.011613236 |
details, prediction |
Bitcoin Cash
BCH
|
0.08880415 |
details, prediction |
UNUS SED LEO
LEO
|
0.49295452 |
details, prediction |
ZCash
ZEC
|
0.49988067 |
details, prediction |
Cardano
ADA
|
0.50085074 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.19547269 |
details, prediction |
Decred
DCR
|
-0.060413882 |
details, prediction |
USD//Coin
USDC
|
-0.053016216 |
details, prediction |
Verge
XVG
|
0.024510665 |
details, prediction |
Nexo
NEXO
|
0.07545587 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.1595852 |
details, prediction |
FunFair
FUN
|
-0.13163576 |
details, prediction |
NKN
NKN
|
-0.116724804 |
details, prediction |
Ontology
ONT
|
-0.091490746 |
details, prediction |
OPEN Platform
OPEN
|
-0.06268247 |
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)