Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9812903 |
details, prediction |
Ethereum Classic
ETC
|
0.8693054 |
details, prediction |
Stellar
XLM
|
0.8381686 |
details, prediction |
Litecoin
LTC
|
0.82884234 |
details, prediction |
Cardano
ADA
|
0.8243488 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.992552 |
details, prediction |
Theta
THETA
|
0.9867887 |
details, prediction |
Vechain
VET
|
0.98623276 |
details, prediction |
Cosmos
ATOM
|
0.98387265 |
details, prediction |
Chiliz
CHZ
|
0.98177177 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.8898555 |
details, prediction |
SwftCoin
SWFTC
|
0.8761353 |
details, prediction |
Phantasma
SOUL
|
0.85658014 |
details, prediction |
Power Ledger
POWR
|
0.8561891 |
details, prediction |
Lisk
LSK
|
0.8499543 |
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
|
-0.6684259 |
details, prediction |
UNUS SED LEO
LEO
|
0.25966653 |
details, prediction |
Binance Coin
BNB
|
0.28896517 |
details, prediction |
Dogecoin
DOGE
|
0.3528492 |
details, prediction |
XRP
XRP
|
0.55103344 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7448499 |
details, prediction |
Decred
DCR
|
-0.14431289 |
details, prediction |
True USD
TUSD
|
-0.06894535 |
details, prediction |
Verge
XVG
|
0.1687457 |
details, prediction |
Zilliqa
ZIL
|
0.36798784 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.37875906 |
details, prediction |
Dero
DERO
|
-0.10238696 |
details, prediction |
Ontology
ONT
|
-0.02099218 |
details, prediction |
Constellation
DAG
|
0.15819925 |
details, prediction |
Dent
DENT
|
0.16864653 |
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)