Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.96861374 |
details, prediction |
Bitcoin
BTC
|
0.9534619 |
details, prediction |
XRP
XRP
|
0.9307893 |
details, prediction |
Cardano
ADA
|
0.9260134 |
details, prediction |
Litecoin
LTC
|
0.9217653 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.96558785 |
details, prediction |
NEO
NEO
|
0.95286477 |
details, prediction |
0x
ZRX
|
0.9475941 |
details, prediction |
Zilliqa
ZIL
|
0.9470203 |
details, prediction |
QTUM
QTUM
|
0.93132126 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9598873 |
details, prediction |
Storj
STORJ
|
0.9345661 |
details, prediction |
Bancor
BNT
|
0.92883605 |
details, prediction |
Internet of Services
IOST
|
0.9235231 |
details, prediction |
Civic
CVC
|
0.9229727 |
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
|
-0.5442879 |
details, prediction |
ZCash
ZEC
|
0.24811412 |
details, prediction |
TRON
TRX
|
0.26891673 |
details, prediction |
Binance Coin
BNB
|
0.7558701 |
details, prediction |
Bitcoin Cash
BCH
|
0.80990756 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7561481 |
details, prediction |
Dai
DAI
|
-0.7108109 |
details, prediction |
True USD
TUSD
|
-0.37318724 |
details, prediction |
Telcoin
TEL
|
0.0019046426 |
details, prediction |
OriginTrail
TRAC
|
0.0736705 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.76805335 |
details, prediction |
Komodo
KMD
|
-0.33017862 |
details, prediction |
Matrix AI Network
MAN
|
0.15281306 |
details, prediction |
NKN
NKN
|
0.21264625 |
details, prediction |
V Systems
VSYS
|
0.22291869 |
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)