RT Journal Article
T1 Analysis of the cryptocurrency market applyingdifferent prototype-based clustering techniques
A1 Lorenzo Álvarez, Luis
A1 Arroyo Gallardo, Javier
AB Since the appearance of Bitcoin, cryptocurrencies have experienced enormous growth not only in terms of capitalization but also in number. As a result, the cryptocurrency market can be an attractive arena for investors as it offers many possibilities, but a difficult one to understand as well. In this work, we aim to summarize and segment the whole cryptocurrency market in 2018 with the help of data analysis tools. We will use three different partitional clustering algorithms each of them using a different representation for cryptocurrencies, namely: yearly mean and standard deviation of the returns, distribution of returns, and time series of returns. Since each representation will provide a different and complementary perspective of the market, we will also explore the combination of the three clustering results to obtain a fine-grained analysis of the main trends of the market. Finally, we will analyze the association of the clustering results with other descriptive features of the cryptocurrencies, including the age, technological attributes, and financial ratios derived from them. This will help to enhance the profiling of the clusters with additional insights. As a result, this work offers a description of the market and a methodology that can be reproduced by investors that want to understand the main trends on the market.
PB Springer Nature
SN 2199-4730
YR 2022
FD 2022-01-12
LK https://hdl.handle.net/20.500.14352/72436
UL https://hdl.handle.net/20.500.14352/72436
LA eng
NO Unión Europea. Horizonte 2020
DS Docta Complutense
RD 18 mar 2026