Title: Digital currency - role of cryptocurrency in the new financial era

Authors: Isha Narula; Kriti Dhingra

Addresses: Vivekananda Institute of Professional Studies, Outer Ring Road, AU Block Pitampura, New Delhi, Delhi-110034, India ' Vivekananda Institute of Professional Studies, Outer Ring Road, AU Block Pitampura, New Delhi, Delhi-110034, India

Abstract: Innovations in technology have rendered the financial world more virtual and digitised, but in the new financial era, we are still not able to grasp the cryptocurrency market dynamically. The tools used for predicting and modelling the cryptocurrency market need proper improvisation so that the distrust of the public for cryptocurrency as a pioneering financial asset can be duly managed. The cryptocurrency market is considered to be a volatile market, also substantial portions of purchase of cryptocurrency are considered as speculations. With the rising number of cryptocurrencies and increase in market capitalisation of the cryptocurrency market, many studies have been conducted to understand the cryptocurrency markets in terms of its volatility. The present study has proposed models to understand the volatility of the cryptocurrency market to understand its popularity among investors.

Keywords: cryptocurrency; volatility; GARCH.

DOI: 10.1504/IJEF.2023.133831

International Journal of Electronic Finance, 2023 Vol.12 No.4, pp.364 - 373

Received: 12 Apr 2022
Accepted: 23 Oct 2022
Published online: 04 Oct 2023 *

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