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Study detects lottery-like behavior in cryptocurrency market

Study detects lottery-like behavior in cryptocurrency market



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  1. “Their findings indicate that the portfolio of cryptocurrencies that exhibited the lowest daily log-return in the week preceding portfolio formation generates, on average, significantly higher returns than the portfolio of cryptocurrencies that exhibited the highest daily log-return in the week preceding portfolio formation. ”

    Even scientist man says buy the dips

  2. tldr; A recent study by the University of Vaasa and Jyväskylä shows that speculation and lottery-like behavior is a fundamental factor for the pricing of cryptocurrencies. Speculation could explain the enormous increase in the market capitalizations of cryptocurrencies, according to the study. The price of Bitcoin increased from $7,200.17 to $29,374.15 in January 2020 to January 2021.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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