Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.80462617 |
details, prediction |
ZCash
ZEC
|
0.791949 |
details, prediction |
Cardano
ADA
|
0.78954476 |
details, prediction |
Stellar
XLM
|
0.7823012 |
details, prediction |
Bitcoin
BTC
|
0.780712 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.92827946 |
details, prediction |
DigiByte
DGB
|
0.8952736 |
details, prediction |
HoloToken
HOT
|
0.8720451 |
details, prediction |
Ravencoin
RVN
|
0.8699182 |
details, prediction |
Request Network
REQ
|
0.8635392 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.920366 |
details, prediction |
Internet of Services
IOST
|
0.9189737 |
details, prediction |
SysCoin
SYS
|
0.916494 |
details, prediction |
Metal
MTL
|
0.8703465 |
details, prediction |
Bancor
BNT
|
0.8609274 |
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
|
TRON
TRX
|
0.028254 |
details, prediction |
Binance Coin
BNB
|
0.4033164 |
details, prediction |
Crypto.com Chain
CRO
|
0.42717782 |
details, prediction |
UNUS SED LEO
LEO
|
0.5362048 |
details, prediction |
ChainLink
LINK
|
0.5465484 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.07179113 |
details, prediction |
True USD
TUSD
|
-0.062051393 |
details, prediction |
Decred
DCR
|
0.1101738 |
details, prediction |
Zilliqa
ZIL
|
0.2951949 |
details, prediction |
Cosmos
ATOM
|
0.4246067 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.26202285 |
details, prediction |
HEROcoin
PLAY
|
0.018552933 |
details, prediction |
BOScoin
BOS
|
0.031321242 |
details, prediction |
Dero
DERO
|
0.27834746 |
details, prediction |
OPEN Platform
OPEN
|
0.46728358 |
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)