Cryptocurrencies Trading (2016-2020)

Project Overview

In the last few years, a craze for cryptocurrencies has gripped the world and these digital coins are starting to receive mainstream popularity. Some people believe that they are the future of commerce and personal finance while others regard them as nothing more than high-risk trading assets. Despite a lot of skepticism, it appears as though cryptos are here to stay and will inevitably play a part in shaping what money will be in the future. The following dataset provides the trading volume and price of different cryptos in USD. We can use this dataset to show the market cap of these assets and to do a comparison for their prices before and after covid and also compare them with the most famous one Bitcoin.

Role:

Problem Statement

As cryptocurrency adaptation evolve, we observe that some cryptocurrencies have intense energy requirements, special equipment needs and generate lots of waste. In that sense, some are not environmentally friendly.

Crypto mining requires energy to power the computers that verify and record cryptocurrency transactions that sometimes comes from the burning of coal which is driving climate change. In contrast, green crypto mining draws power from renewable
energy sources such as solar power, hydroelectric power, and nuclear energy that results in “zero carbon” or “carbon neutral”.

A lot of people are against the cryptocurrencies saying it has no future due to high market volatility. In late 2018 and 2019 crypto\\\'s Market Cap dropped by 7.95%, resulting in the YoY Price being -12.94%. Historical prices show that Bitcoin price was as high as 13,412 $ in 2018 but it dropped to 3,869 $ in 2019.

Executive Summary

Data Dictionary