EVALUATION OF CRYPTO-CURRENCIES AND BLOCK CHAIN IN INDIA: A LOGICAL STUDY

Crypto- currency is a pioneering notion of virtual currency. This turned out to be a new technique of investment instruments in India. Despite the fact that Indian government hasn’t framed any regulatory body concerning crypto- currency trading and transactions in India; previously it was restricted by the government to buy and sell crypto currencies, yet gradually there has been a boom in investment in Crypto in India. Crypto currency transacted using Block chain technology; which provides security without need for a central clearing authority; it is a decentralized ledger of all transactions across a peer-to-peer network. The concept of crypto- currency is a slight tough to understand and accept, however it is easier to use; It is considered challenging because it is completely unique from the conventional currencies that have been used since ages. In the prevailing research an attempt has been made to Evaluate Crypto-currencies and Block Chain in India. The basic aim here was to empathize with crypto currency and block chain technology. Here in the research researcher had conveniently selected five different crypto currencies on the basis of availability of data. Further Graphical Presentation is done that represent of some of the key parameters like opening price, Closing Price, Market capitalization and Trading of different crypto currency was considered for analysis of which yearly average was calculated considering the research period of six years from 2015-16 to 2020-21. In order to justify and rationalize the research researcher tried to comparatively examine key parameters of different selected Crypto – Currency with the help of ANOVA test which revealed that there was significant difference in Market capitalization, Opening and Closing Price but there was no significant difference in Volume (trading) of Selected Crypto currencies. In addition, it also tried to examine the impact of Market capitalization on Trading of Crypto – Currency with the help of Regression analysis which revealed that.  There was a significant effect of market capitalization on Volume (trading) of all selected Crypto Currencies except in Ethereum and XRP.

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Keywords: Crypto-Currencies, Block Chain, Trading, Opening and Closing Price, ANOVA, Regression.


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