Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.68921673 |
details, prediction |
Ethereum
ETH
|
0.34018078 |
details, prediction |
KuCoin Shares
KCS
|
0.20976338 |
details, prediction |
ZCash
ZEC
|
0.0992889 |
details, prediction |
Bitcoin
BTC
|
0.089147516 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.5047278 |
details, prediction |
True USD
TUSD
|
0.4485292 |
details, prediction |
USD//Coin
USDC
|
0.36054087 |
details, prediction |
Bitcoin SV
BSV
|
0.33193308 |
details, prediction |
Dai
DAI
|
0.16133939 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.53572893 |
details, prediction |
V Systems
VSYS
|
0.4501265 |
details, prediction |
NKN
NKN
|
0.39960134 |
details, prediction |
HEROcoin
PLAY
|
0.31196484 |
details, prediction |
Enjin Coin
ENJ
|
0.2554726 |
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
|
-0.74665034 |
details, prediction |
Cardano
ADA
|
-0.7458454 |
details, prediction |
XRP
XRP
|
-0.53500205 |
details, prediction |
Bitcoin Cash
BCH
|
-0.5140199 |
details, prediction |
Binance Coin
BNB
|
-0.459968 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
-0.7279831 |
details, prediction |
DigiByte
DGB
|
-0.71500856 |
details, prediction |
Ardor
ARDR
|
-0.690046 |
details, prediction |
Theta Fuel
TFUEL
|
-0.6603237 |
details, prediction |
Bitcoin Gold
BTG
|
-0.617954 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.83442086 |
details, prediction |
NEM
XEM
|
-0.75876987 |
details, prediction |
Stox
STX
|
-0.75230885 |
details, prediction |
Komodo
KMD
|
-0.7271675 |
details, prediction |
Chronobank
TIME
|
-0.69315046 |
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)