Crypto-coins (also known as cryptocurrencies) are tradable digital assets. Notable examples include Bitcoin, Ether and Litecoin. Ownerships of cryptocoins are registered on distributed ledgers (i.e., blockchains). Secure encryption techniques guarantee the security of the transactions (transfers of coins across owners), registered into the ledger. Cryptocoins are exchanged for specific trading prices. While history has shown the extreme volatility of such trading prices across all different sets of crypto-assets, it remains unclear what and if there are tight relations between the trading prices of different cryptocoins. Major coin exchanges (i.e., Coinbase) provide trend correlation indicators to coin owners, suggesting possible acquisitions or sells. However, these correlations remain largely unvalidated. In this paper, we shed lights on the trend correlations across a large variety of cryptocoins, by investigating their coin-price correlation trends over a period of two years. Our experimental results suggest strong correlation patterns between main coins (Ethereum, Bitcoin) and alt-coins. We believe our study can support forecasting techniques for time-series modeling in the context of crypto-coins. We release our dataset and code to reproduce our analysis to the research community.
翻译:加密技术保证交易的安全(由所有者之间转移硬币),在分类账中登记。加密技术保证交易的安全(由所有者之间转移硬币),以换取特定的交易价格。历史表明,这种交易价格在所有不同种类的加密资产中都极不稳定,但目前还不清楚不同加密资产交易价格之间是否存在密切关系。主要硬币交易所(例如,硬币数据库)向硬币所有者提供趋势相关指标,建议可能的收购或销售。然而,这些关联关系基本上没有被证实。在本文中,我们通过调查两年内各种硬币价格关联趋势,为大量隐币之间的趋势关系打亮灯,但我们的实验结果表明,不同加密证券交易价格交易价格之间的交易价格关系非常密切。我们的实验结果显示,不同的加密证券交易价格价格交易价格交易价格交易价格在各种不同类别之间有着密切的关系。我们的主要硬币交易所(Eterum、Bitcoin)之间的交易价格和主要硬币交易所(即Cobase)之间有着密切的联系模式,我们相信,我们的数据将支持我们的社区对Col-Creasyal的分析。