... entire set of non-Bitcoin cryptocurrencies (known as altcoins) had a cap of roughly $619 million, or ... Bitcoin had roughly 87 percent of the market, altcoins 13 percent. In percentage terms, altcoins do a higher share of Bitcoin's business ... circulation). In trading volume the percentage share of altcoins (led by litecoin and Ripple) has been similar. ... in cap over the last 22 months, with altcoins growing faster than Bitcoin. This is seen by ... cap of $1.2 billion. The two largest altcoins at that time, Litecoin and Peercoin (aka PPCoin), ...
Tópico(s): Economic theories and models
2015 - Cato Institute | Cato Journal
... to know the extent of following (Followness) of altcoins to the bitcoin in the different dominance phases ... closing prices of the Bitcoin and five major altcoins (Ethereum, Litecoin, Namecoin, Doge, and Ripple) are collected ... years and analyse the relationship between bitcoin and altcoins. Pearson's correlation coefficient test is used to ... of the study showed cointegration between bitcoin and Altcoin. It also depicted that Altcoin showed a high level of followness in the ... price estimation equation to predict the price of altcoins depending upon the price of bitcoin and its ...
Tópico(s): Complex Systems and Time Series Analysis
2021 - | Macro Management & Public Policies
Pavel Ciaian, Miroslava Rajčániová, d’Artis Kancs,
This paper empirically examines interdependencies between BitCoin and altcoin markets in the short- and long-run. We ... currencies (BitCoin + 16 alternative virtual currencies) and two altcoin price indices for the period 2013–2016. Our empirical findings confirm that indeed BitCoin and altcoin markets are interdependent. The BitCoin-altcoin price relationship is significantly stronger in the short- ... the BitCoin price relationship is stronger with those altcoins that are more similar in their price formation ...
Tópico(s): Financial Markets and Investment Strategies
2017 - Elsevier BV | Journal of International Financial Markets Institutions and Money
Shaen Corbet, Paraskevi Katsiampa, Chi Keung Marco Lau,
... improving conditional quantile forecasting between Bitcoin and seven altcoin markets as well as between Bitcoin and three ... find significant bidirectional causality between Bitcoin and all altcoins and assets considered in the two distribution tails. ... price returns is thus derived by conditioning on altcoins or assets and vice versa during extreme market ... distribution of the Bitcoin price returns conditional on altcoins depend on both the altcoin considered and quantile under investigation. We also find ...
Tópico(s): Complex Systems and Time Series Analysis
2020 - Elsevier BV | International Review of Financial Analysis
Lars Steinert, Christian Herff,
... by references on Twitter. Although these so-called "altcoins" often have smaller trading volumes they sometimes attract ... social media. Here, we show that fluctuations in altcoins can be predicted from social media. In order ... prices and the social media activity of 181 altcoins in the form of 426,520 tweets over ... was then estimated using sentiment analysis. To predict altcoin returns, we carried out linear regression analyses based ...
Tópico(s): Complex Systems and Time Series Analysis
2018 - Public Library of Science | PLoS ONE
... SHA-256 cryptocurrencies will tend to convert those altcoins into bitcoin in order to transact in a ... difficulty to indirectly influence the market prices of altcoins. Finally, it seems that those undertaking this process ... and over-react to good and bad news. Altcoins are produced by miners and subsequently offered for ...
Tópico(s): Economic theories and models
2015 - RELX Group (Netherlands) | SSRN Electronic Journal
Thai Vu Hong Nguyen, Binh Thanh Nguyen, Thanh Cong Nguyen, Quang Quoc Nguyen,
... academia and investors. Newly invented cryptocurrencies (alternative coins – altcoins) with enhanced features may become close substitutes to ... the evidence that the introduction of a new altcoin tends to lower Bitcoin return by 0.7% ... can also be observed in the cryptocurrency market: altcoin introductions reduce Bitcoin return.
Tópico(s): Financial Markets and Investment Strategies
2019 - Elsevier BV | Research in International Business and Finance
Ender Demir, Serdar Simonyan, Conrado Diego García‐Gómez, Chi Keung Marco Lau,
... examines the asymmetric effect of Bitcoin on three altcoins, namely Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) ... evidence on the asymmetric impact of Bitcoin on altcoins both in the short-run and in the ... effect than an increase on the prices of altcoins. This asymmetry is more frequent after the 2017 ...
Tópico(s): Energy, Environment, and Transportation Policies
2020 - Elsevier BV | Finance research letters
... four-fold, the market cap of other cryptocurrencies ("altcoins") in the aggregate grew twelve-fold, eroding Bitcoin' ... is a non-profit project, the growth of altcoins has been driven by for-profit enterprises. Altcoins have introduced improvements in speed, robustness, and privacy. ...
Tópico(s): Complex Systems and Time Series Analysis
2014 - RELX Group (Netherlands) | SSRN Electronic Journal
... we consider the BTC markets of those 7 altcoins as well as the USD markets. Empirical findings ... series. In comparison to the time series of altcoins, BTCUSD is the first one which has the ... first in USD quoted time series of the altcoin and then in BTC quoted ones, while the ...
Tópico(s): Market Dynamics and Volatility
2020 - Elsevier BV | Physica A Statistical Mechanics and its Applications
... sectoral equity markets and the returns spillover to Altcoins onset the Novel Coronavirus outbreak. We observe that ... markets. Lastly, we find that the rise in Altcoin prices are majorly due to spillover from BTC ...
Tópico(s): FinTech, Crowdfunding, Digital Finance
2020 - RELX Group (Netherlands) | SSRN Electronic Journal
... absolute correlation of Bitcoin and its prices with altcoins. Average positive and negative growth rates of altcoins in relation to Bitcoin were determined and identified. ...
Tópico(s): Impact of AI and Big Data on Business and Society
2020 - Springer Nature | Advances in intelligent systems and computing
Mehmet Balcılar, Hüseyin Özdemir,
... we estimate the volatility spillovers from Bitcoin to altcoin and the cryptos’ own risk spillovers during bull ... bear markets. The spillover results from Bitcoin to altcoin provide mixed results regarding the presence of this ...
Tópico(s): Complex Systems and Time Series Analysis
2023 - Multidisciplinary Digital Publishing Institute | Journal of risk and financial management
Ahmet Faruk Aysan, Asad Ul Islam Khan, Humeyra Topuz,
... of a long-run relationship between Bitcoin and altcoins irrespective of whether it is pre-pandemic or ... and strategies they may highly consider Bitcoin and altcoins jointly as they give sustainability and resilience in ...
Tópico(s): Energy, Environment, Economic Growth
2021 - Multidisciplinary Digital Publishing Institute | Risks
The study investigates the bitcoin-altcoin price synchronization hypothesis using cointegrating test and VEC Granger Causality/Block Exogeneity Test approaches on the daily data of bitcoin and ten selected alternative coins (altcoins) between August 8, 2015 and December 31, 2018. ... The study establishes pure price separation between the altcoin and bitcoin in 2015-2016, price synchronization between bitcoin and each of the selected altcoin in 2017 and dominant altcoin-to-bitcoin price formation in 2018. The study ...
Tópico(s): Energy, Environment, and Transportation Policies
2019 - Shanghai University of Finance and Economics | Cai-jing yanjiu
Burak Pirgaip, Burcu Di̇nçergök, Şüheda Haşlak,
... where other assets include currencies, commodities, securities and altcoins. In the empirical part, we evaluate the lead- ... major commodities (GOLD and OIL) and with major altcoins (ETH, XRP and LTC) on a daily basis ... a short-run relationship with gold and especially altcoins, which are both significant and bidirectional. While BTC and altcoins are closely interrelated with each other, BTC price ...
Tópico(s): Monetary Policy and Economic Impact
2019 - Springer International Publishing | Contributions to economics
Simon Trimborn, Wolfgang Karl Härdle,
... of the CC market makes the inclusion of altcoins in the index product critical to improve tracking ... We have shown that assigning optimal weights to altcoins helps to reduce the tracking errors of a ...
Tópico(s): Market Dynamics and Volatility
2018 - Elsevier BV | Journal of Empirical Finance
... in the prices of Bitcoin and seven other altcoins: Ethereum, Ripple, Litecoin, Stellar, Nem, Dash, and Monero. ...
Tópico(s): Complex Systems and Time Series Analysis
2018 - Elsevier BV | Finance research letters
... to argue that the emergence and proliferation of ‘altcoins’ presents a series of political challenges to the ... theory can help to explain. By examining the altcoins through the concepts of resource mobilization, framing and ...
Tópico(s): FinTech, Crowdfunding, Digital Finance
2019 - Wiley | Global Networks
David Vidal-Tomás, Ana M. Ibáñez, José Emilio Farinós Viñas,
... equally weighted market portfolios that include all the altcoins available for three different periods (2015–2017, 2016– ... inefficient due to the behaviour of all the altcoins, it is more inefficient over time, especially in ...
Tópico(s): Financial Markets and Investment Strategies
2019 - Taylor & Francis | Applied Economics Letters
Yi Li, Brian M. Lucey, Andrew Urquhart,
... other assets, a question arises whether alternative cryptocurrencies (altcoins) can used as safe-havens and hedges against ...
Tópico(s): Crime, Illicit Activities, and Governance
2022 - Elsevier BV | Finance research letters
Danny Yuxing Huang, Kirill Levchenko, Alex C. Snoeren,
... success of Bitcoin. These blockchain-based currencies, called altcoins, are associated with a few thousand to millions of dollars of market capitalization. Altcoins have attracted enthusiasts who enter the market by ... the potential profitability of mining and speculating 18 altcoins using real-world blockchain and trade data. Using ... metric, we estimate the mining cost for an altcoin with respect to a more popular but stable ... highlights the extreme risks—and potential gains—in altcoin markets.
Tópico(s): Market Dynamics and Volatility
2018 - Springer Science+Business Media | Lecture notes in computer science
Seyram Pearl Kumah, Jones Odei‐Mensah,
... to examine the asymmetric response of three major altcoins to shocks in six African fiat currencies in ... the decomposed series to test the response of altcoins to both positive and negative shocks in the fiat currencies across time to see if the altcoins are viable alternatives to African fiat currencies. Findings The outcome of the study suggests that altcoins behave differently from African fiat currencies and are ... this paper to mitigate currency crises by adopting altcoins as alternatives to fiat currencies. Forex traders can ...
Tópico(s): Energy, Environment, Economic Growth
2021 - Emerald Publishing Limited | International Journal of Development Issues
David Lee Kuo Chuen, Li Guo, Yu Wang,
... with the genesis block, more than 1,000 altcoins and crypto-tokens have been created, with at ...
Tópico(s): Market Dynamics and Volatility
2017 - | The Journal of Alternative Investments
Tópico(s): FinTech, Crowdfunding, Digital Finance
2017 - RELX Group (Netherlands) | SSRN Electronic Journal
... other risk factors resulting in the death of altcoins. The paper concludes that the closer the right ...
Tópico(s): Financial Risk and Volatility Modeling
2017 - Springer Nature | Statisctics and computing/Statistics and computing
John Hargrave, Navroop K. Sahdev, Olga Feldmeier,
... world of Economic Science. Digital tokens—including bitcoin, altcoins, and cryptocurrencies—will require a fundamental rethinking of ...
Tópico(s): Decision-Making and Behavioral Economics
2018 - RELX Group (Netherlands) | SSRN Electronic Journal
Sanal para sistemi bitcoin ve altcoins olarak tanımlanan türevleri mevcut para politikasını ve para sistemlerini değişim ve dönüşüme zorlayacak bir trendin içinde oldukları gözlenmektedir. Genel olarak kripto ...
Tópico(s): Energy Load and Power Forecasting
2018 - Yıldız Technical University | Journal of International Scientific Researches
Yuncong Zhang, Long Yu, Zhen Liu, Zhiqiang Liu, Dawu Gu,
... However, the anonymity of Bitcoin is fragile. Many altcoins and protocols are designed to improve Bitcoin on ...
Tópico(s): Internet Traffic Analysis and Secure E-voting
2019 - Elsevier BV | Computers & Security
Eugenia Politou, Fran Casino, Efthimios Alepis, Constantinos Patsakis,
... is astonishing: from bitcoin to over 2.000 altcoins, and from decentralised electronic payments to transactions programmable ...
Tópico(s): Blockchain Technology Applications and Security
2019 - Institute of Electrical and Electronics Engineers | IEEE Transactions on Emerging Topics in Computing