Evaluating the Potential of Alternative Cryptocurrency: An Empirical Analysis
Since the creation of Bitcoin in 2009, many alternative cryptocurrencies (altcoins) have been created that claim to be the currency of the future. There are now over 440 active altcoins in the market and new ones are being created each day. With every altcoin claiming to offer distinctive features, it is becoming increasingly difficult for investors to evaluate the potential of each altcoin. This chapter explores the various types of altcoins in the market and methods to evaluate their mid-term potential. The chapter will discuss a practical approach to rank the altcoins based on social network data and discuss the results from traditional econometric techniques to study the behavior of Bitcoin and altcoins.
Bitcoin, Altcoin, Altcoins, Cryptocurrency, Cryptocurrencies, Alternative cryptocurrencies, CoinGecko, Coinmarketcap, Trading
Business | E-Commerce
Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data
Lee, David K. C.
Elsevier Academic Press
City or Country
ONG, Bobby; LEE, Teik Ming; LI, Guo; and LEE, David K. C..
Evaluating the Potential of Alternative Cryptocurrency: An Empirical Analysis. (2015). Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data. 81-135. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/4217