Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.93090904 |
details, prediction |
Ethereum
ETH
|
0.9007326 |
details, prediction |
XRP
XRP
|
0.8949062 |
details, prediction |
KuCoin Shares
KCS
|
0.8816734 |
details, prediction |
Litecoin
LTC
|
0.85881644 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.92278826 |
details, prediction |
Waves
WAVES
|
0.9151527 |
details, prediction |
Ravencoin
RVN
|
0.9145366 |
details, prediction |
Nexo
NEXO
|
0.9113154 |
details, prediction |
Vechain
VET
|
0.90905005 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.96131176 |
details, prediction |
SingularityNET
AGI
|
0.95686126 |
details, prediction |
Enjin Coin
ENJ
|
0.9507451 |
details, prediction |
SysCoin
SYS
|
0.9422165 |
details, prediction |
Gas
GAS
|
0.91643375 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ontology 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 Ontology
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5633274 |
details, prediction |
ZCash
ZEC
|
-0.38055256 |
details, prediction |
TRON
TRX
|
-0.2541474 |
details, prediction |
Binance Coin
BNB
|
0.5291692 |
details, prediction |
Monero
XMR
|
0.62704045 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.85976124 |
details, prediction |
Dai
DAI
|
-0.84847 |
details, prediction |
True USD
TUSD
|
-0.428137 |
details, prediction |
Telcoin
TEL
|
-0.14723817 |
details, prediction |
OriginTrail
TRAC
|
-0.0705117 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.43443128 |
details, prediction |
Matrix AI Network
MAN
|
-0.043617096 |
details, prediction |
Propy
PRO
|
-0.012967068 |
details, prediction |
Constellation
DAG
|
0.24405979 |
details, prediction |
Komodo
KMD
|
0.25541982 |
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)