Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.79843926 |
details, prediction |
Crypto.com Chain
CRO
|
0.7473679 |
details, prediction |
KuCoin Shares
KCS
|
0.7315501 |
details, prediction |
Ethereum
ETH
|
0.7219512 |
details, prediction |
Litecoin
LTC
|
0.6900683 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.80107886 |
details, prediction |
Decred
DCR
|
0.7991246 |
details, prediction |
Verge
XVG
|
0.79181236 |
details, prediction |
Waves
WAVES
|
0.75816756 |
details, prediction |
Vechain
VET
|
0.75719535 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.96489435 |
details, prediction |
SingularityNET
AGI
|
0.8504904 |
details, prediction |
SysCoin
SYS
|
0.82712275 |
details, prediction |
PIVX
PIVX
|
0.82431203 |
details, prediction |
Gas
GAS
|
0.8112029 |
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
|
-0.53014976 |
details, prediction |
Stellar
XLM
|
-0.53001827 |
details, prediction |
TRON
TRX
|
-0.268823 |
details, prediction |
Binance Coin
BNB
|
0.10666866 |
details, prediction |
Monero
XMR
|
0.1373725 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.50087863 |
details, prediction |
OriginTrail
TRAC
|
-0.39307785 |
details, prediction |
USD//Coin
USDC
|
-0.33336955 |
details, prediction |
Dai
DAI
|
-0.28555584 |
details, prediction |
True USD
TUSD
|
-0.2640595 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.47707206 |
details, prediction |
V Systems
VSYS
|
-0.27111277 |
details, prediction |
Matrix AI Network
MAN
|
-0.07610291 |
details, prediction |
OPEN Platform
OPEN
|
-0.073648624 |
details, prediction |
FunFair
FUN
|
0.17283513 |
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)