Here's the findings:
1. Technological development is positively and significantly associated with weekly returns.
As technology is the main theme of cryptocurrencies, it is understandable if GitHub activities become the most important factor that affect return.
2. Public interest is negatively and significantly associated with weekly returns.
- negative publicity is not significantly associated with returns.
This is very interesting because I thought that good marketing/buzz will increase coin return. More publication whether it's bad or good affect price negatively, and the article do not find any evidence that bad press affects price.
3. Liquidity is positively and significantly associated with returns.
This is pretty common in any commodity that if liquidity increase, the price also increase.
With that evidence, can we say that if we wanna pick a crypto, we simply pick the one who:
1. Has a lot of GitHub activities.
2. Rarely exposed by media.
3. Listed in good exchange.
What do you think?
Source: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0169556