Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.87557673 |
details, prediction |
ZCash
ZEC
|
0.8140893 |
details, prediction |
Bitcoin
BTC
|
0.8108247 |
details, prediction |
Monero
XMR
|
0.7938414 |
details, prediction |
KuCoin Shares
KCS
|
0.7396452 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.7837428 |
details, prediction |
NEO
NEO
|
0.7369303 |
details, prediction |
HoloToken
HOT
|
0.7088443 |
details, prediction |
DASH
DASH
|
0.7048979 |
details, prediction |
Bitcoin SV
BSV
|
0.7037827 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7324656 |
details, prediction |
Hydro Protocol
HOT
|
0.7075854 |
details, prediction |
Metal
MTL
|
0.6456564 |
details, prediction |
Storj
STORJ
|
0.62919945 |
details, prediction |
V Systems
VSYS
|
0.5844023 |
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
|
Bitcoin Cash
BCH
|
-0.43208438 |
details, prediction |
Stellar
XLM
|
0.16071089 |
details, prediction |
Cardano
ADA
|
0.2162595 |
details, prediction |
Crypto.com Chain
CRO
|
0.3092284 |
details, prediction |
TRON
TRX
|
0.44328427 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.73629427 |
details, prediction |
USD//Coin
USDC
|
-0.57755035 |
details, prediction |
Verge
XVG
|
-0.49919704 |
details, prediction |
Ardor
ARDR
|
-0.38903585 |
details, prediction |
Waves
WAVES
|
-0.3430411 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.53202826 |
details, prediction |
BABB
BAX
|
-0.4366387 |
details, prediction |
PIVX
PIVX
|
-0.43506336 |
details, prediction |
FunFair
FUN
|
-0.3951392 |
details, prediction |
Wanchain
WAN
|
-0.36071682 |
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)