Crypto-Currencies - A Comparative Study on Volatility of Top 5 Crypto-Currencies.

  D.RAJAGOPAL

Cryptocurrencies are being used for both legal and illegal activities worldwide due to the volatility and ever-increasing use of virtual currency. Recent investments in cryptocurrencies have yielded enormous gains, but there has always been scepticism about their legitimacy and existence. A cryptocurrency is a form of digital or virtual money that is secured by encryption. Despite recent problems with cryptocurrencies, a lot of businesses have unveiled alternative cryptocurrencies as a result of Bitcoin's popularity and growth since its launch. The study compares the recent volatility and stability of top five crypto currencies—Bitcoin, Ethereum, Tether, USD Coin and Binance (BNB)—as well as their tendencies in order to better comprehend them. The present study aims to study the Top 5 crypto-currencies performance in recent times. And to analyze the volatility of different crypto currencies for future investments. And also to study the Top 10 countries with Bit Coin Market Capitalization. It is found that the Bitcoin leads among all other crypto currencies and Ethereum followed Bitcoin according to market capitalization. It is also found that there is volatility among the top 5 crypto currencies.

Keywords- Crypto–currency, Bitcoin, Ethereum, Tether, USD Coin, Binance, Volatility,

Unique Identification Number - IJEDR2202037
Page Number(s) - 225-233
Pubished in - Volume 10 | Issue 2 | June 2022
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)

  D.RAJAGOPAL,   "Crypto-Currencies - A Comparative Study on Volatility of Top 5 Crypto-Currencies.", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.10, Issue 2, pp.225-233, June 2022, Available at :http://www.ijedr.org/papers/IJEDR2202037.pdf