Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9938821 |
details, prediction |
Ethereum Classic
ETC
|
0.881997 |
details, prediction |
Bitcoin Cash
BCH
|
0.8323045 |
details, prediction |
Stellar
XLM
|
0.815301 |
details, prediction |
Cardano
ADA
|
0.8142661 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9971743 |
details, prediction |
Vechain
VET
|
0.9935868 |
details, prediction |
Theta
THETA
|
0.99265397 |
details, prediction |
Cosmos
ATOM
|
0.99122274 |
details, prediction |
Chiliz
CHZ
|
0.98562354 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.90124255 |
details, prediction |
Electroneum
ETN
|
0.87476075 |
details, prediction |
Phantasma
SOUL
|
0.87163603 |
details, prediction |
NEM
XEM
|
0.8705274 |
details, prediction |
Dent
DENT
|
0.8701375 |
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
|
-0.804498 |
details, prediction |
Binance Coin
BNB
|
-0.5788499 |
details, prediction |
Dogecoin
DOGE
|
-0.2449461 |
details, prediction |
XRP
XRP
|
0.11458927 |
details, prediction |
KuCoin Shares
KCS
|
0.5113854 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8426028 |
details, prediction |
True USD
TUSD
|
-0.44744733 |
details, prediction |
Verge
XVG
|
-0.016539121 |
details, prediction |
Zilliqa
ZIL
|
0.13783216 |
details, prediction |
Decred
DCR
|
0.18925568 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.9781336 |
details, prediction |
Dero
DERO
|
-0.6122276 |
details, prediction |
Constellation
DAG
|
-0.5685424 |
details, prediction |
Elastos
ELA
|
-0.039243385 |
details, prediction |
BOScoin
BOS
|
0.01466436 |
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)