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Price Stability of Stone-backed Cryptocurrencies

Cryptocurrency markets are notorious for their volatility, hindering their suitability for everyday transactions and long-term investments. While Bitcoin's volatility might have some predictability, stablecoins and even cryptocurrencies backed by stable assets like gold face inherent risks. This research investigates the potential stability of "stone-backed" cryptocurrencies by analyzing the correlation between diamond prices and the cryptocurrency market. It aims to understand how these assets, including potential stone-backed ones, could influence overall market stability, filling a gap in understanding emerging asset classes within the cryptocurrency ecosystem.

Keywords: Bitcoin,Cryptocurrencies,Diamond Index,Power Law,Volatility
Tools: Microsoft Excel
Department: Department of Mathematics

Project Team Members

Name Email
Ramza Zaffar ramza2020@namal.edu.pk
Asawar Shafiq asawar2020@namal.edu.pk

Project Poster

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