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Linkages Among Cryptocurrencies: A Network Analysis Approach

Linkages Among Cryptocurrencies: A Network Analysis Approach

ISBN13: 9781668455289|ISBN10: 1668455285|ISBN13 Softcover: 9781668455296|EISBN13: 9781668455302
DOI: 10.4018/978-1-6684-5528-9.ch021
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MLA

Inder, Shivani. "Linkages Among Cryptocurrencies: A Network Analysis Approach." Handbook of Research on Stock Market Investment Practices and Portfolio Management, edited by Renuka Sharma and Kiran Mehta, IGI Global, 2022, pp. 392-408. https://doi.org/10.4018/978-1-6684-5528-9.ch021

APA

Inder, S. (2022). Linkages Among Cryptocurrencies: A Network Analysis Approach. In R. Sharma & K. Mehta (Eds.), Handbook of Research on Stock Market Investment Practices and Portfolio Management (pp. 392-408). IGI Global. https://doi.org/10.4018/978-1-6684-5528-9.ch021

Chicago

Inder, Shivani. "Linkages Among Cryptocurrencies: A Network Analysis Approach." In Handbook of Research on Stock Market Investment Practices and Portfolio Management, edited by Renuka Sharma and Kiran Mehta, 392-408. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-6684-5528-9.ch021

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Abstract

This chapter investigates the linkages and connections between different cryptocurrencies. Johansen cointegration and network analysis is employed to examine top eight cryptocurrenices (i.e., Bitcoin, Dogecoin, Stellar, Cardano, Tether, XRP, Ethereum Classic, and Chainlink). The study documents evidence to support cointegration among different cryptocurrencies. The study finds that cryptocurrencies Ethereum Classic, Chainlink, Dogecoin, and Bitcoin are connected as one group, and XRP, Stellar, and Cardano are connected as another group whereas Tether does not fall under any group and indicates no connection with other cryptocurrencies considered.

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