Examining the Volatility of Conventional Cryptocurrencies and Sustainable copyright during Covid-19: Based on Energy Consumption

Examining the Volatility of Conventional Cryptocurrencies and Sustainable copyright during Covid-19: Based on Energy Consumption

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The present study proposes to investigate the influence of the covid-19, on the adjusted Touch Screen Console closing price of the digital currency based on energy consumption during the process of mining.The study employed the secondary data analysis of top ten market capitalization of cryptocurrencies with the combination of high energy consume mechanism (proof of work) and low energy consume mechanism (proof of stake).Statistical tools like Descriptive Body Brushes analysis,Augmented Dickey-Fuller (ADF) test, ARCH, and GARCH models were used in the study.

The present study finds that the prices of cryptocurrencies were highly volatile.This study could assist investors towards better understanding of the dynamics of the copyright market based on energy consumption which helps them to make more effective decisions, on investing cryptocurrencies with a scientific approach.