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.
Tools: Microsoft Excel
Department: Department of Mathematics
Project Poster
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