Herding behavior in conventional cryptocurrency market, non-fungible tokens, and DeFi assets.
نویسندگان
چکیده
• We assess herding in conventional cryptocurrencies, NFT and DeFi digital assets; No evidence of static herding; Time-varying is identified cryptocurrencies markets exhibit only during low volatility days; Cryptocurrency bubble 2021 has not amplified herding. examine the time-varying behavior three cryptocurrency classes: ‘conventional’ non-fungible tokens, assets most recent 2021. While analysis failed to demonstrate any herding, been for short investment horizons. The asymmetry reveals that evident up/down market, high/low days, trading days. find
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ژورنال
عنوان ژورنال: Finance Research Letters
سال: 2022
ISSN: ['1544-6131', '1544-6123']
DOI: https://doi.org/10.1016/j.frl.2022.103299