Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8520204 |
details, prediction |
ZCash
ZEC
|
0.8502915 |
details, prediction |
Dogecoin
DOGE
|
0.79571885 |
details, prediction |
Ethereum Classic
ETC
|
0.788874 |
details, prediction |
Cardano
ADA
|
0.7842484 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9383604 |
details, prediction |
Request Network
REQ
|
0.9347063 |
details, prediction |
Loopring
LRC
|
0.92662287 |
details, prediction |
Ravencoin
RVN
|
0.9250744 |
details, prediction |
iEx.ec
RLC
|
0.9233111 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.945128 |
details, prediction |
SysCoin
SYS
|
0.93189687 |
details, prediction |
Chronobank
TIME
|
0.92660135 |
details, prediction |
Komodo
KMD
|
0.9206045 |
details, prediction |
IoTeX
IOTX
|
0.91929734 |
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
|
-0.06293692 |
details, prediction |
UNUS SED LEO
LEO
|
0.24465556 |
details, prediction |
Crypto.com Chain
CRO
|
0.57263786 |
details, prediction |
ChainLink
LINK
|
0.5958946 |
details, prediction |
Binance Coin
BNB
|
0.62499195 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.33751068 |
details, prediction |
Dai
DAI
|
-0.08527577 |
details, prediction |
True USD
TUSD
|
0.21784692 |
details, prediction |
Zilliqa
ZIL
|
0.39520884 |
details, prediction |
Cosmos
ATOM
|
0.48721763 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.36534086 |
details, prediction |
Dent
DENT
|
0.059769157 |
details, prediction |
Constellation
DAG
|
0.09853771 |
details, prediction |
Propy
PRO
|
0.3181155 |
details, prediction |
HEROcoin
PLAY
|
0.32465282 |
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)