Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.78184277 |
details, prediction |
KuCoin Shares
KCS
|
0.40520543 |
details, prediction |
Ethereum
ETH
|
0.3453211 |
details, prediction |
TRON
TRX
|
0.2661105 |
details, prediction |
Stellar
XLM
|
0.04194642 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.4245293 |
details, prediction |
Algorand
ALGO
|
0.42311123 |
details, prediction |
Bitcoin SV
BSV
|
0.34633973 |
details, prediction |
USD//Coin
USDC
|
0.33649734 |
details, prediction |
Ravencoin
RVN
|
0.21164095 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.85865825 |
details, prediction |
Phantasma
SOUL
|
0.6590423 |
details, prediction |
NKN
NKN
|
0.44560006 |
details, prediction |
Gas
GAS
|
0.35020056 |
details, prediction |
Electroneum
ETN
|
0.27339855 |
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
|
Crypto.com Chain
CRO
|
-0.5120778 |
details, prediction |
Binance Coin
BNB
|
-0.4977869 |
details, prediction |
Cardano
ADA
|
-0.49098364 |
details, prediction |
XRP
XRP
|
-0.30928084 |
details, prediction |
Ethereum Classic
ETC
|
-0.29954886 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.55197453 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5417349 |
details, prediction |
Telcoin
TEL
|
-0.5337902 |
details, prediction |
Cosmos
ATOM
|
-0.52996564 |
details, prediction |
OriginTrail
TRAC
|
-0.4796434 |
details, prediction |
|
Third tier
|
Stox
STX
|
-0.8337823 |
details, prediction |
Matrix AI Network
MAN
|
-0.7296331 |
details, prediction |
Komodo
KMD
|
-0.70942384 |
details, prediction |
Chronobank
TIME
|
-0.6710603 |
details, prediction |
Loopring
LRC
|
-0.5286642 |
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)