AN ANALYSIS OF EVOLUTIONARY CRYPTOCURRENCY MARKET DYNAMICS
| Autor: | Cagri Yildiz, Cem Çağrı Dönmez, Ahmet Fatih Dereli, M. Bilal Horasan |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Market capitalization
Tree (data structure) Cryptocurrency Financial economics Value (economics) Business Finance Economics Blokzinciri Kayıtzinciri Kripto Paralar Korelasyon Matrisi Asgari Yayılma Ağacı Analitik Hiyerarşi Süreci Context (language use) General Medicine Blockchain Cryptocurrencies Correlation matrix Minimum Spanning Tree Hierarchical Structure Tree İşletme Finans Minimum spanning tree |
| Zdroj: | Volume: 19, Issue: 74 611-629 Elektronik Sosyal Bilimler Dergisi |
| ISSN: | 1304-0278 |
| Popis: | The focus of this research is to describe and discuss future blockchain technology in relation to different forms of digital cryptocurrencies by investigating distinct characteristics and common features of cryptocurrencies on the market. This research explores significant relationships between the major cryptocurrencies on the complex cryptocurrency market ecosystem, particularly Bitcoin and the most prominent altcoins based on historical market capitalization data for the last two years. In this work cross-correlations between different cryptocurrencies are examined in terms of changes in the market capitalization value. For the comparative analysis minimum spanning tree (MST) and hierarchical structure tree (HST) methods are applied in the contextof economic behaviour of cryptocurrencies with regard to global cryptocurrency market trends. The focus of thisresearch is to describe and discuss future blockchain technology in relation todifferent forms of digital cryptocurrencies by investigating distinctcharacteristics and common features of cryptocurrencies on the market. Thisresearch explores significant relationships between the major cryptocurrencieson the complex cryptocurrency market ecosystem, particularly Bitcoin and themost prominent altcoins based on historical market capitalization data for thelast two years. In this work cross-correlations between differentcryptocurrencies are examined in terms of changes in the market capitalizationvalue. For the comparative analysis minimum spanning tree (MST) and hierarchicalstructure tree (HST) methods are applied in the context of economic behaviourof cryptocurrencies with regard to global cryptocurrency market trends. |
| Databáze: | OpenAIRE |
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