CyberCurrency (Updated)

Uncategorized 1 Minute

Group Members:

  1. Mohamed Zeina (23441)

Introduction

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds.

The number of cryptocurrencies available over the internet as of 7 January 2018 is over 1384 and growing.

Here are some of the most viral ones:

  1. Bitcoin
  2. Litecoin
  3. Ethereum
  4. Ripple

Motivation

Cryptocurrency is a hot topic these days and lots of people have been wondering about the path of price fluctuations that these currencies are going through. In this project, I will be focusing on the prices of Bitcoin, Litecoin, Ripple, and Ethereum to try and understand the behavior of their prices.

DataSets:

  1. The first dataset contains the price of Bitcoin, Litecoin, Ripple, and Ethereum (lows and highs)  and the total amount of coins existing from March 2013 until February 2018
  2. The second dataset contains the number of searches for the word “Bitcoin” on google search engines.
  3. The third dataset contains the number of searches for the word “Litecoin” on google search engines.
  4. The fourth dataset contains the number of searches for the word “Ripple” on google search engines.
  5. The fifth dataset contains the number of searches for the word “Ethereum” on google search engines.
  6. The sixth dataset contains National Holidays in the US.

Questions:

  1. Is the price of these currencies affected by Huge sale periods such as “Black Friday”? (Which I couldn’t implement)
  2. Is the price of these currencies affected by holidays such as “Christmas” in the US? (Which I couldn’t implement)
  3. Is the price of BitCoin dependent on the other small ones and vice versa.
  4. Does the amount (volume) of a single currency existing in the market affect the price of BitCoin?

 

 

 

 

Published by BitCoin Project

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