Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7496977 |
details, prediction |
KuCoin Shares
KCS
|
0.68710154 |
details, prediction |
Crypto.com Chain
CRO
|
0.66995144 |
details, prediction |
Ethereum
ETH
|
0.66872674 |
details, prediction |
Litecoin
LTC
|
0.62618935 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.7756305 |
details, prediction |
Verge
XVG
|
0.7112958 |
details, prediction |
Ravencoin
RVN
|
0.71046484 |
details, prediction |
Waves
WAVES
|
0.7064485 |
details, prediction |
Vechain
VET
|
0.70530087 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.96047014 |
details, prediction |
SingularityNET
AGI
|
0.8327298 |
details, prediction |
SysCoin
SYS
|
0.7921017 |
details, prediction |
Gas
GAS
|
0.7748379 |
details, prediction |
PIVX
PIVX
|
0.7705066 |
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
|
ZCash
ZEC
|
-0.53652817 |
details, prediction |
Stellar
XLM
|
-0.51854354 |
details, prediction |
TRON
TRX
|
-0.26190212 |
details, prediction |
Binance Coin
BNB
|
-0.07816958 |
details, prediction |
Monero
XMR
|
0.03069636 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.57612383 |
details, prediction |
Telcoin
TEL
|
-0.5352256 |
details, prediction |
Cosmos
ATOM
|
-0.24558371 |
details, prediction |
Dai
DAI
|
-0.23549135 |
details, prediction |
USD//Coin
USDC
|
-0.22784784 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.47707206 |
details, prediction |
V Systems
VSYS
|
-0.24319158 |
details, prediction |
OPEN Platform
OPEN
|
-0.2306504 |
details, prediction |
Komodo
KMD
|
-0.15511143 |
details, prediction |
Matrix AI Network
MAN
|
-0.023834564 |
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)