Bubbles in Ethereum

【Author】 Bellon, Carlos; Figuerola-Ferretti, Isabel

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】We apply the (Phillips et al., 2015a,b) methodology to date-stamp bubbles in the Ethereum blockchain. Our analysis of the drivers of fundamental value suggests that the explosive behavior documented in ether prices does not constitute speculative bubbles but reflects the abrupt rally of demand for the use of the Ethereum Virtual Machine tied to the development of the decentralized application (dApp) ecosystem.

【Keywords】Cryptocurrency; Bubble; Ethereum; Explosiveness; Fundamentals

【发表时间】2022 MAY

【收录时间】2022-07-30

【文献类型】实证性文章

【主题类别】

区块链治理-市场治理-数字货币