Factors of cryptocurrency
| Factors | Denotations | Description | Citation |
|---|---|---|---|
| Media coverage | F1 | Media coverage refers to the headlines in the news impacting cryptocurrencies | Akin et al. (2023), Kulbhaskar and Subramaniam (2023), Huynh (2022) |
| Social media platform | F2 | Twitter is a social networking platform where users may send short messages, known as tweets. Tweets, or Twitter posts, are messages sent to others, including text, photographs, video, and a Graphics Interchange Format (GIF) | Zhang and Zhang (2022), Hamori and Takiguchi (2020), Hamza (2020) |
| Google Trend | F3 | The first thing in today’s world is a Google search. Google Trends analyses a subset of Google web searches to identify the volume of searches conducted on a specific subject within a defined timeframe | Chuen (2015), Aslanidis et al. (2022) |
| Celebrities | F4 | The views or statements of celebrities, including eminent personalities like (Elon Musk, the President of the United States, Actors, etc.) | Ullah et al. (2022), Ante (2023), Zhang and Zhang (2022), Al-Shboul et al. (2023) |
| War | F5 | Severe effect of war at the global level | Theiri et al. (2022), Khalfaoui et al. (2023), Chowdhury and Humaira (2023) |
| Pandemic | F6 | Pandemic is an outbreak of a disease that occurs over a wide geographic area and affects a very high proportion of the population | Frikha et al. (2023), Al-Shboul et al. (2023) |
| Economic uncertainty | F7 | A situation with a great deal of risk and unknowns, making it difficult to forecast the future state of the economy | Mnif et al. (2024), García-Peñalvo (2021), Koeswandana and Sugino (2023) |
| Herding | F8 | The phenomenon of people choosing to follow others and mimic group behaviours instead of making independent decisions based on personal information | Bogdan et al. (2023), Wanidwaranan and Termprasertsakul (2023), Omane-Adjepong et al. (2021), Youssef (2022) |
| Religiosity | F9 | It is the extent of an individual’s religious beliefs, practices, and involvement in religious activities | Wang et al. (2023), Yen et al. (2023), Chowdhury and Abdullah (2023) |
| Factors | Denotations | Description | Citation |
|---|---|---|---|
| Media coverage | F1 | Media coverage refers to the headlines in the news impacting cryptocurrencies | |
| Social media platform | F2 | Twitter is a social networking platform where users may send short messages, known as tweets. Tweets, or Twitter posts, are messages sent to others, including text, photographs, video, and a Graphics Interchange Format (GIF) | |
| Google Trend | F3 | The first thing in today’s world is a Google search. Google Trends analyses a subset of Google web searches to identify the volume of searches conducted on a specific subject within a defined timeframe | |
| Celebrities | F4 | The views or statements of celebrities, including eminent personalities like (Elon Musk, the President of the United States, Actors, etc.) | |
| War | F5 | Severe effect of war at the global level | |
| Pandemic | F6 | Pandemic is an outbreak of a disease that occurs over a wide geographic area and affects a very high proportion of the population | |
| Economic uncertainty | F7 | A situation with a great deal of risk and unknowns, making it difficult to forecast the future state of the economy | |
| Herding | F8 | The phenomenon of people choosing to follow others and mimic group behaviours instead of making independent decisions based on personal information | |
| Religiosity | F9 | It is the extent of an individual’s religious beliefs, practices, and involvement in religious activities |
Source(s): Authors’ compilation
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