Journal of Humanities and Social Studies
Vol 8, No 3 (2024): JHSS (Journal of Humanities and Social Studies)

Do Fundamentals Drive Cryptocurrencies’ Market Value? A Study Of Developer And User Activities In Cryptocurrency Market

Yariza, Muhammad (Unknown)

Article Info

Publish Date
24 Nov 2024

Abstract

In this study, I undertake a comprehensive examination of developer and user activities as determinants in the variations of cryptocurrencies' market values. The metrics for developer activities are sourced from GitHub and include commits, open issues, closed issues, open pull requests, merged pull requests, and releases. For user activities, transaction on-chain metrics are employed, specifically active addresses, transactions, and wallet address. By utilizing these metrics, the study examines the relationship between these activities and both market capitalization and return in the context of cryptocurrencies. This study finds that these metrics explain the variation of the cryptocurrencies’ value in the market.

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Journal Info
Journal of Humanities and Social Studies
Website

Abbrev

jhss

Publisher

Universitas Pakuan

Subject

Arts Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

Description

Journal of Humanities and Social Studies is an academic journal that publishes scientific papers in the field of humanities and social studies. This journal is published two times a year (March and September) by Lembaga Penelitian dan Pengabdian Pada Masyarakat, Universitas Pakuan Bogor since 2017. ...