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Analysis of Cryptocurrencies Price Development

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  • Jan Lánský

Abstract

Cryptocurrencies are a type of digital currencies based on cryptography principles. Cryptocurrencies are a unique combination of three characteristics: they provide anonymity, they are independent of central authority and they provide protection from double spending attack. The aim of this paper is to capture trends in the area of significant cryptocurrencies price developments and to explain their causes. The current research in this area is exclusively limited to an analysis of the price developments of the most important Bitcoin cryptocurrency; our research is the first to focus on other cryptocurrencies too. The economic perspective on cryptocurrencies is based on IT knowledge regarding the principles of their functioning. We have created a database of prices of 1278 cryptocurrencies from 2013 to 2016. This database is publicly available. To analyse the data, SQL query language was used.

Suggested Citation

  • Jan Lánský, 2016. "Analysis of Cryptocurrencies Price Development," Acta Informatica Pragensia, Prague University of Economics and Business, vol. 2016(2), pages 118-137.
    • Handle: RePEc:prg:jnlaip:v:2016:y:2016:i:2:id:89:p:118-137
    DOI: 10.18267/j.aip.89
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    References listed on IDEAS

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    1. Thomas Kim, 2015. "The Predecessors of Bitcoin and Their Implications for the Prospect of Virtual Currencies," PLOS ONE, Public Library of Science, vol. 10(4), pages 1-18, April.
    2. Kim, Jaehoon & Kim, Sangsin, 2015. "2012년 국회법 개정의 효과 연구 [A Study on the Effect of the 2012 National Assembly Act Amendment]," KDI Research Monographs, Korea Development Institute (KDI), volume 127, number v:2015-03(k):y:2015:p:1-1.
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