Exploring bubbles in the altcoin market
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Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Adana Alparslan Türkeş Bilim ve Teknoloji Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Bu çalışmanın amacı 2018-2021 yılı dönemleri yüksek piyasa değeri gösteren Dogecoin (DOGE), Crypto.com (CRO), Binance Coin (BNB) ve Polygon (MATIC) gibi altcoin para birimlerinde ekonomik balonların varlığını araştırmaktır. Altcoinlerde finansal balonların varlığını tespit etmek için Supremum Augmented Dickey-Fuller (SADF) sağ kuyruklu birim kök testi kullanıldı. Çalışma sonucunda özellikle 2020Ç4 ve 2021Ç4'te incelenen altcoin fiyatlarında balon oluşumu tespit edildi. Ekonomik balonun tespit edildiği dönemler değerlendirildiğinde balonların haber kaynaklı manipülasyonlara ve Covid-19 korkusuna dayandığı sonucuna varıldı. Çalışma, pandemi sonrası dönemde altcoin piyasalarında balonların varlığına yeni bir ışık tutuyor.
The purpose of this study is to investigate the existence of economic bubbles in altcoin currencies such as Dogecoin (DOGE), Crypto.com (CRO), Binance Coin (BNB), and Polygon (MATIC), which showed high market capitalization during the periods 2018-2021. The existence of bubbles in these altcoins are examined by utilizing the Supremum Augmented Dickey-Fuller (SADF) right-tailed unit root test. As a result of this study, a bubble formation was detected in the altcoin prices, which was carefully examined, especially in 2020Q4, and 2021Q4. When the periods in which the economic bubble was detected were evaluated, it was concluded that the bubbles were based on news-related manipulations and Covid-19 fear. This study sheds new light on the existence of bubbles in the altcoin markets in the post-pandemic period.
The purpose of this study is to investigate the existence of economic bubbles in altcoin currencies such as Dogecoin (DOGE), Crypto.com (CRO), Binance Coin (BNB), and Polygon (MATIC), which showed high market capitalization during the periods 2018-2021. The existence of bubbles in these altcoins are examined by utilizing the Supremum Augmented Dickey-Fuller (SADF) right-tailed unit root test. As a result of this study, a bubble formation was detected in the altcoin prices, which was carefully examined, especially in 2020Q4, and 2021Q4. When the periods in which the economic bubble was detected were evaluated, it was concluded that the bubbles were based on news-related manipulations and Covid-19 fear. This study sheds new light on the existence of bubbles in the altcoin markets in the post-pandemic period.
Açıklama
Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim Dalı, Finans Bilim Dalı
Anahtar Kelimeler
Ekonometri, Econometrics ; Ekonomi
