Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.71912014 |
details, prediction |
Bitcoin
BTC
|
0.6987452 |
details, prediction |
Cardano
ADA
|
0.67077136 |
details, prediction |
Ethereum
ETH
|
0.6694474 |
details, prediction |
Stellar
XLM
|
0.6602541 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.9255049 |
details, prediction |
DigiByte
DGB
|
0.8814551 |
details, prediction |
Ravencoin
RVN
|
0.8528044 |
details, prediction |
aelf
ELF
|
0.8385136 |
details, prediction |
Waves
WAVES
|
0.8331041 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.8985633 |
details, prediction |
SysCoin
SYS
|
0.88315344 |
details, prediction |
Internet of Services
IOST
|
0.87334985 |
details, prediction |
Hydro Protocol
HOT
|
0.8333287 |
details, prediction |
Chronobank
TIME
|
0.8261831 |
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
|
Binance Coin
BNB
|
0.10890855 |
details, prediction |
TRON
TRX
|
0.12066744 |
details, prediction |
ChainLink
LINK
|
0.39466983 |
details, prediction |
Crypto.com Chain
CRO
|
0.42717782 |
details, prediction |
XRP
XRP
|
0.56270534 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.19121303 |
details, prediction |
Dai
DAI
|
0.01639945 |
details, prediction |
Zilliqa
ZIL
|
0.22023436 |
details, prediction |
Ardor
ARDR
|
0.26385677 |
details, prediction |
USD//Coin
USDC
|
0.26535672 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.26202285 |
details, prediction |
HEROcoin
PLAY
|
0.018552933 |
details, prediction |
BOScoin
BOS
|
0.031321242 |
details, prediction |
Dero
DERO
|
0.38168404 |
details, prediction |
NEM
XEM
|
0.4446998 |
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)