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Bhambhwani, S., Delikouras, S., Korniotis, G. M., & others. 2019. Do fundamentals drive cryptocurrency prices?. 
Added by: Jack (2023-01-08 14:38)   Last edited by: Jack (2023-01-20 18:00)
Resource type: Unpublished Work
BibTeX citation key: Bhambhwani2019
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Categories: Not Monero-focused
Creators: Bhambhwani, Delikouras, Korniotis, others
Views: 24/110
Attachments   Do Fundamentals.pdf [10/53] URLs   https://news.miami ... 2019/12/crypto.pdf
Abstract
We examine if two fundamental blockchain characteristics affect cryptocurrency prices. They are computing power (hashrate) and network (number of users), which are related to blockchain trustworthiness and transaction benefits. We find a significant long-run relationship between these characteristics and the prices of prominent cryptocurren- cies. We also document that cryptocurrency returns are exposed to fundamental-based risk factors related to aggregate computing power and network, even after controlling for Bitcoin return and cryptocurrency momentum. In out-of-sample tests, the com- puting power and network factors can explain the return variation of a broad set of cryptocurrencies, whose fundamentals are not included in the factors
Added by: Jack  Last edited by: Jack
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