Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.7827001 |
details, prediction |
ZCash
ZEC
|
0.22180724 |
details, prediction |
Ethereum
ETH
|
0.17593837 |
details, prediction |
Bitcoin
BTC
|
0.021688126 |
details, prediction |
ChainLink
LINK
|
-0.091490746 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.5736214 |
details, prediction |
Bitcoin SV
BSV
|
0.36671668 |
details, prediction |
Nexo
NEXO
|
0.12658516 |
details, prediction |
True USD
TUSD
|
0.124761775 |
details, prediction |
USD//Coin
USDC
|
0.09022246 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.5037785 |
details, prediction |
NKN
NKN
|
0.3254875 |
details, prediction |
Enjin Coin
ENJ
|
0.31930172 |
details, prediction |
OPEN Platform
OPEN
|
0.26086265 |
details, prediction |
Metal
MTL
|
0.15735364 |
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
|
-0.67150736 |
details, prediction |
Cardano
ADA
|
-0.65216047 |
details, prediction |
Bitcoin Cash
BCH
|
-0.578669 |
details, prediction |
XRP
XRP
|
-0.44454083 |
details, prediction |
Binance Coin
BNB
|
-0.40255576 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
-0.6460244 |
details, prediction |
DigiByte
DGB
|
-0.63670725 |
details, prediction |
Siacoin
SC
|
-0.6248071 |
details, prediction |
Tezos
XTZ
|
-0.6207621 |
details, prediction |
Ardor
ARDR
|
-0.6203768 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.82907254 |
details, prediction |
NEM
XEM
|
-0.8112831 |
details, prediction |
Komodo
KMD
|
-0.71020573 |
details, prediction |
Chronobank
TIME
|
-0.7074147 |
details, prediction |
Stox
STX
|
-0.6821275 |
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)