Yale University Research Made It Possible to Foretell the Prices of Cryptocurrencies
Being a member of the Ivy League, Yale University is also one of the leading research centers of the world. Thus, its scientists could not exclude such important issue as cryptocurrency from their research agenda. Yukun Liu and Aleh Tsyvinski published their paper where they analyzed the properties as well as rate fluctuation of the main digital coins (Ethereum, Ripple, Bitcoin) based on their history. According to the document:
Specifically, we determine that there is a strong time-series momentum effect and that proxies for investor attention strongly forecast cryptocurrency returns.
This research will hopefully make the crypto market at least a little more predictable which would be highly beneficial for investors from all over the world. Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/