Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9934546 |
details, prediction |
Ethereum Classic
ETC
|
0.8798142 |
details, prediction |
Cardano
ADA
|
0.8640233 |
details, prediction |
Stellar
XLM
|
0.83355445 |
details, prediction |
Litecoin
LTC
|
0.8114848 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9926189 |
details, prediction |
Theta
THETA
|
0.9871099 |
details, prediction |
Vechain
VET
|
0.98624486 |
details, prediction |
Cosmos
ATOM
|
0.9829446 |
details, prediction |
Chiliz
CHZ
|
0.9827838 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.9236189 |
details, prediction |
Power Ledger
POWR
|
0.90560114 |
details, prediction |
Lisk
LSK
|
0.87447506 |
details, prediction |
PIVX
PIVX
|
0.8744555 |
details, prediction |
NEM
XEM
|
0.8743434 |
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
|
-0.74068344 |
details, prediction |
Binance Coin
BNB
|
0.16331142 |
details, prediction |
Dogecoin
DOGE
|
0.2228283 |
details, prediction |
UNUS SED LEO
LEO
|
0.34547788 |
details, prediction |
XRP
XRP
|
0.48252526 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.779707 |
details, prediction |
True USD
TUSD
|
-0.14496922 |
details, prediction |
Decred
DCR
|
-0.059746247 |
details, prediction |
Verge
XVG
|
0.05564312 |
details, prediction |
Zilliqa
ZIL
|
0.20633695 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.72371584 |
details, prediction |
Dero
DERO
|
-0.37807357 |
details, prediction |
Constellation
DAG
|
-0.30982536 |
details, prediction |
BABB
BAX
|
0.07982967 |
details, prediction |
BOScoin
BOS
|
0.32023564 |
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)