Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.869643 |
details, prediction |
Dogecoin
DOGE
|
0.8146934 |
details, prediction |
Ethereum Classic
ETC
|
0.81257397 |
details, prediction |
Bitcoin
BTC
|
0.7668572 |
details, prediction |
Binance Coin
BNB
|
0.7426131 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.88355356 |
details, prediction |
Nexo
NEXO
|
0.88253784 |
details, prediction |
0x
ZRX
|
0.8713289 |
details, prediction |
Theta
THETA
|
0.85968345 |
details, prediction |
Theta Fuel
TFUEL
|
0.82441825 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.94146395 |
details, prediction |
Stox
STX
|
0.9165903 |
details, prediction |
SingularityNET
AGI
|
0.8400849 |
details, prediction |
PIVX
PIVX
|
0.83563113 |
details, prediction |
Steem
STEEM
|
0.8240457 |
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
|
TRON
TRX
|
0.119088545 |
details, prediction |
Stellar
XLM
|
0.36393893 |
details, prediction |
Cardano
ADA
|
0.48305383 |
details, prediction |
KuCoin Shares
KCS
|
0.5305007 |
details, prediction |
Monero
XMR
|
0.54009044 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.37799188 |
details, prediction |
USD//Coin
USDC
|
-0.24861768 |
details, prediction |
aelf
ELF
|
-0.2252697 |
details, prediction |
True USD
TUSD
|
-0.1776173 |
details, prediction |
Ravencoin
RVN
|
-0.09730228 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6457866 |
details, prediction |
Matrix AI Network
MAN
|
-0.5838367 |
details, prediction |
ICON
ICX
|
-0.42391798 |
details, prediction |
OPEN Platform
OPEN
|
-0.3516163 |
details, prediction |
SysCoin
SYS
|
-0.2908212 |
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)