Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.98409665 |
details, prediction |
Bitcoin Cash
BCH
|
0.560213 |
details, prediction |
KuCoin Shares
KCS
|
0.5567726 |
details, prediction |
Ethereum
ETH
|
0.5301896 |
details, prediction |
Litecoin
LTC
|
0.43579954 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.59094894 |
details, prediction |
Bitcoin SV
BSV
|
0.5350181 |
details, prediction |
Vechain
VET
|
0.5238922 |
details, prediction |
Chiliz
CHZ
|
0.5190029 |
details, prediction |
aelf
ELF
|
0.51057625 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9532559 |
details, prediction |
Phantasma
SOUL
|
0.68236005 |
details, prediction |
Gas
GAS
|
0.6649032 |
details, prediction |
AdEx
ADX
|
0.60812473 |
details, prediction |
SingularityNET
AGI
|
0.5819614 |
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
|
-0.42060372 |
details, prediction |
ZCash
ZEC
|
-0.33715126 |
details, prediction |
Binance Coin
BNB
|
-0.29833233 |
details, prediction |
Monero
XMR
|
-0.09098212 |
details, prediction |
TRON
TRX
|
0.06945656 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6157324 |
details, prediction |
Telcoin
TEL
|
-0.55494 |
details, prediction |
Cosmos
ATOM
|
-0.34638283 |
details, prediction |
DASH
DASH
|
-0.09019764 |
details, prediction |
Dai
DAI
|
-0.063455895 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.82440114 |
details, prediction |
Komodo
KMD
|
-0.6847281 |
details, prediction |
Chronobank
TIME
|
-0.6710603 |
details, prediction |
Matrix AI Network
MAN
|
-0.36004317 |
details, prediction |
FunFair
FUN
|
-0.21849644 |
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)