Social Influence, Market Manipulators, Hardware and Software as New Factors for Cryptocurrency Pricing: A Survey

Authors

  • Bulat Shkanov Gaidar Institute for Economic Policy
  • Mikhail Alexandrov Russian Presidential Academy of National Economy and Public Administration

DOI:

https://doi.org/10.13053/cys-28-3-5196

Keywords:

Cryptocurrency pricing, social factors, market manipulators, hardware-technological factors, software-algorithmic factors

Abstract

In the last decade, cryptocurrencies have been confidently setting the trend in global financial markets. Nevertheless, a certain degree of mistrust toward the use of cryptocurrencies persists among investors and researchers due to the lack of reliable models for predicting their dynamics. Such models can be constructed based on a comprehensive consideration of the factors that determine the price of cryptocurrencies. This article provides: (a) a brief overview of known factors affecting cryptocurrency pricing, and (b) a more detailed review of new factors, including those related to computational resources and software tools. This review may be useful for researchers and practitioners building mathematical models for cryptocurrency forecasting.

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Published

2024-09-23

Issue

Vol. 28 No. 3 (2024): 28(3) 2024

Section

Articles

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