Cryptocurrency; market price determinants
(2018) NEKH01 20182Department of Economics
- Abstract (Swedish)
- This study focus on the six largest minable cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Monero and DASH, and puts forward determinants that explain large parts of the price value formation in the markets. This is done by Ordinary Least Squares linear regression with intent to validate or question previous research regarding explanatory factors driving the market price. These factors are divided into three groups: system variables, macroeconomic variables and a social variable. The regression is done with the “all possible regressions” method and then validated and optimized thru several statistics. The results indicate that a high percentage of the price formation can be explained with relatively few variables. The... (More)
- This study focus on the six largest minable cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Monero and DASH, and puts forward determinants that explain large parts of the price value formation in the markets. This is done by Ordinary Least Squares linear regression with intent to validate or question previous research regarding explanatory factors driving the market price. These factors are divided into three groups: system variables, macroeconomic variables and a social variable. The regression is done with the “all possible regressions” method and then validated and optimized thru several statistics. The results indicate that a high percentage of the price formation can be explained with relatively few variables. The econometric model’s heavy emphasis on the system variables suggests that relative rates of production for given level of mining effort are paramount for the price formation. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8967338
- author
- Nygren, Bengt Lennart Charles Adam Alessandro LU
- supervisor
- organization
- course
- NEKH01 20182
- year
- 2018
- type
- M2 - Bachelor Degree
- subject
- keywords
- Cryptocurrency, Blockchain, Market price determinants, Ordinary least squares regression
- language
- English
- id
- 8967338
- date added to LUP
- 2019-02-15 14:48:09
- date last changed
- 2019-02-15 14:48:09
@misc{8967338, abstract = {{This study focus on the six largest minable cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Monero and DASH, and puts forward determinants that explain large parts of the price value formation in the markets. This is done by Ordinary Least Squares linear regression with intent to validate or question previous research regarding explanatory factors driving the market price. These factors are divided into three groups: system variables, macroeconomic variables and a social variable. The regression is done with the “all possible regressions” method and then validated and optimized thru several statistics. The results indicate that a high percentage of the price formation can be explained with relatively few variables. The econometric model’s heavy emphasis on the system variables suggests that relative rates of production for given level of mining effort are paramount for the price formation.}}, author = {{Nygren, Bengt Lennart Charles Adam Alessandro}}, language = {{eng}}, note = {{Student Paper}}, title = {{Cryptocurrency; market price determinants}}, year = {{2018}}, }