The relationship between bitcoin, ethereum and nft market

Basit Öğe Kaydı
dc.contributor.advisorDemir, Ender
dc.contributor.authorÇakır, Ersel
dc.date.accessioned2023-03-17T08:31:55Z
dc.date.available2023-03-17T08:31:55Z
dc.date.issued2022
dc.departmentEnstitüler, Lisansüstü Programlar Enstitüsü, Finansal Ekonomi Ana Bilim Dalıen_US
dc.description.abstractABSTRACT: The popularity of NFT tokens has started to spread to the masses as the NFT market has grown tremendously from the beginning of 2021. This study examines the relationship between the NFT market and Bitcoin and Ethereum through Chiliz, MANA and THETA. In the study, the relationship between the prices of Bitcoin, Ethereum prices and the prices of three different elements of the NFT market with high market capitalization is examined on the basis of interrelationships. Using daily data between January 2020 and June 2022, short-term dynamic Granger causality of Ethereum on Bitcoin, Granger causality of THETA on Ethereum and Granger causality of THETA on MANA are shown. However no effects of Bitcoin on Ethereum, MANA, Chiliz and THETA can be shown. The results suggest that THETA may have a causal effect both on Ethereum, which is the second largest actor in the cryptocurrency market, and on the MANA token, which is one of the important representatives of the NFT market. From this point of view, it can be said that THETA contains preliminary information about the NFT and cryptocurrency markets.en_US
dc.description.abstractÖZET: The popularity of NFT tokens has started to spread to the masses as the NFT market has grown tremendously from the beginning of 2021. This study examines the relationship between the NFT market and Bitcoin and Ethereum through Chiliz, MANA and THETA. In the study, the relationship between the prices of Bitcoin, Ethereum prices and the prices of three different elements of the NFT market with high market capitalization is examined on the basis of interrelationships. Using daily data between January 2020 and June 2022, short-term dynamic Granger causality of Ethereum on Bitcoin, Granger causality of THETA on Ethereum and Granger causality of THETA on MANA are shown. However no effects of Bitcoin on Ethereum, MANA, Chiliz and THETA can be shown. The results suggest that THETA may have a causal effect both on Ethereum, which is the second largest actor in the cryptocurrency market, and on the MANA token, which is one of the important representatives of the NFT market. From this point of view, it can be said that THETA contains preliminary information about the NFT and cryptocurrency markets.en_US
dc.identifier.urihttps://hdl.handle.net/11411/5047
dc.identifier.urihttps://tez.yok.gov.tr/UlusalTezMerkezi/TezGoster?key=qVqOZFj2DwNmvdf1oGFYiJNjjxa2diBZntmWGn8LtFQY6ldjOdO65EZiHVBIC9uV
dc.identifier.yoktezid766708en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.programFinancial Economicsen_US
dc.publisherİstanbul Bilgi Üniversitesien_US
dc.relation.publicationcategoryTezen_US
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.sponsored.EUNoen_US
dc.sponsored.TUBITAKYesen_US
dc.subjectNFT Piyasasıen_US
dc.subjectKriptopara Piyasasıen_US
dc.subjectGranger Nedenselliğien_US
dc.subjectVECMen_US
dc.subjectBlokzinciren_US
dc.subjectNFT Marketen_US
dc.subjectCryptoccurency Marketen_US
dc.subjectGranger Causalityen_US
dc.subjectVECMen_US
dc.subjectBlockchainen_US
dc.titleThe relationship between bitcoin, ethereum and nft marketen_US
dc.title.alternativeBitcoin, Ethereum ve NFT piyasası Arasındaki ilişkien_US
dc.typeMaster Thesisen_US

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