Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.911519 |
details, prediction |
Ethereum
ETH
|
0.9029881 |
details, prediction |
KuCoin Shares
KCS
|
0.8779857 |
details, prediction |
Crypto.com Chain
CRO
|
0.8505205 |
details, prediction |
XRP
XRP
|
0.8450868 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.9178628 |
details, prediction |
Bitcoin Gold
BTG
|
0.91023034 |
details, prediction |
Waves
WAVES
|
0.89505845 |
details, prediction |
Theta Fuel
TFUEL
|
0.8908442 |
details, prediction |
Verge
XVG
|
0.8857942 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9653043 |
details, prediction |
LAToken
LA
|
0.9604169 |
details, prediction |
SysCoin
SYS
|
0.94437945 |
details, prediction |
PIVX
PIVX
|
0.91724294 |
details, prediction |
Gas
GAS
|
0.90474176 |
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
|
Stellar
XLM
|
-0.60685897 |
details, prediction |
ZCash
ZEC
|
-0.43414247 |
details, prediction |
TRON
TRX
|
-0.30276713 |
details, prediction |
Binance Coin
BNB
|
0.38838345 |
details, prediction |
Monero
XMR
|
0.49702588 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8117488 |
details, prediction |
Dai
DAI
|
-0.7398923 |
details, prediction |
True USD
TUSD
|
-0.55472 |
details, prediction |
Telcoin
TEL
|
-0.40073788 |
details, prediction |
OriginTrail
TRAC
|
-0.16372937 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.44517177 |
details, prediction |
Chronobank
TIME
|
-0.08393848 |
details, prediction |
Matrix AI Network
MAN
|
-0.009948008 |
details, prediction |
Propy
PRO
|
0.023752892 |
details, prediction |
Komodo
KMD
|
0.06963855 |
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)