论文标题
Dogecoin是可行的投资吗？网络和泡泡效应的见解
Is Dogecoin a Viable Investment? Insights from Network and Bubble Effects
论文作者
论文摘要
我们发现三个因素：Dogecoin网络的外部性，动量和推文情感，这些情绪捕捉了预期的Dogecoin回报的时间序列。 Dogecoin收益暴露于Dogecoin网络因素。我们构建网络因素以捕获用户采用Dogecoin。此外，有很强的时间序列势头效果，投资者的注意力强烈预测未来的Dogecoin回报。最后，我们检查了Dogecoin价格泡沫的潜在潜在机制。
We find that three factors: Dogecoin network externalities, momentum, and tweet sentiment that capture the time-series expected Dogecoin returns. Dogecoin returns are exposed to Dogecoin network factors. We construct the network factors to capture the user adoption of Dogecoin. Moreover, there is a strong time-series momentum effect, and proxies for investor attention strongly forecast future Dogecoin returns. Lastly, we examine potential underlying mechanisms of the Dogecoin price bubble.
