Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.50528765 |
details, prediction |
Stellar
XLM
|
0.061777595 |
details, prediction |
UNUS SED LEO
LEO
|
0.05529641 |
details, prediction |
Ethereum
ETH
|
-0.004942662 |
details, prediction |
ChainLink
LINK
|
-0.02099218 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.8166929 |
details, prediction |
Algorand
ALGO
|
0.2615899 |
details, prediction |
True USD
TUSD
|
0.21225236 |
details, prediction |
Dai
DAI
|
0.2044055 |
details, prediction |
USD//Coin
USDC
|
0.06306895 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.7972546 |
details, prediction |
Streamr DATAcoin
DATA
|
0.616543 |
details, prediction |
NKN
NKN
|
0.44950613 |
details, prediction |
V Systems
VSYS
|
0.18719842 |
details, prediction |
OPEN Platform
OPEN
|
0.13945569 |
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
|
Cardano
ADA
|
-0.24806258 |
details, prediction |
Bitcoin Cash
BCH
|
-0.21424171 |
details, prediction |
Crypto.com Chain
CRO
|
-0.20108405 |
details, prediction |
Binance Coin
BNB
|
-0.18346918 |
details, prediction |
XRP
XRP
|
-0.18242624 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.36272916 |
details, prediction |
Ardor
ARDR
|
-0.3556232 |
details, prediction |
Decred
DCR
|
-0.33622813 |
details, prediction |
Theta Fuel
TFUEL
|
-0.32923797 |
details, prediction |
Siacoin
SC
|
-0.32680547 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.7292675 |
details, prediction |
NEM
XEM
|
-0.60012674 |
details, prediction |
Chronobank
TIME
|
-0.5612088 |
details, prediction |
BOScoin
BOS
|
-0.5257096 |
details, prediction |
Komodo
KMD
|
-0.48387 |
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)