Cryptocurrencies Price and Market Cycle Analysis

Cryptocurrencies Price and Market Cycle
Analysis

Table of Contents
INTRODUCTION ..........................................................................................................................1
Literature Review:...........................................................................................................................3
Research Approach and Methodologies .........................................................................................9
Research Plan ...............................................................................................................................11
REFERENCES .............................................................................................................................12

INTRODUCTION
A cryptocurrencies are completely decentralized, stable, virtual currency with a
cryptographic control of its development (Sun, X., Liu and Sima, 2018). Cryptocurrencies are
not distributed by central banks as well as are not based on bank regulations for their price.
Unlike normal currencies in which new currency could be added via Quantitative Easing (QE) in
money supply, crypto-currency rates are solely supplies and demanding dependent. The very first
cryptography-currency was Bitcoin, originally founded in year 2009. There are more than 800
substitute cryptocurrencies presently available, named Altcoins, like Litecoin, Ripple and
Ethereum. Cryptocurrencies are quite identical to valuable metals, from that their formation is
regulated and certain have a restriction on the quantity of transactions, just as precious
compounds have small minable amounts. Cryptocurrencies' market capitalisation reaches sky-
rocketed, since public acceptance has risen significantly. In Dec, 2017, bitcoin's prices peaked at
around USD 19.361 per bitcoin. Along with proliferation of blockchain innovation, this buzz has
strengthened Initial Coin Offerings (ICOs) as just a modern funding method for ambitious
businesses with cryptocurrency-based business structures. Blockchain-based companies usually
build their specific cryptocurrencies within an ICO and disperse this against bitcoins or tender
among buyers. Since 2016, approx 767 ICO projects have collected above around $12.0 billion,
demonstrating the importance of ICOs to growth of enterprise finance (Bentov, Gabizon and
Mizrahi, 2016).
Background
Cryptocurrencies are indeed an unique mix of several features: they offer privacy, their
are autonomous of the central authority but they provide security against double expenditure
violence. The purpose of this research is to catch patterns in the field of substantial price
fluctuations for cryptocurrencies and clarify their causes. So far, businesses work has offered few
visibility into the strategic importance of cryptocurrencies. Many current cryptocurrency systems
are based by software engineers that focus primarily on the functionality and protection of these
schemes (Yi, S., Xu. and Wang, 2018). This ensures that agreement is established and between
verifiers on the right documentation of activities such that consumers can be confident of
obtaining and retaining balanced ownership. It is observed that a dealing on digital platform is
basically depended upon block chain which guarantee the apportioned verification, modifying
the storage so that records are always as per the transaction histories. A block is a series of
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