Social Influence, Market Manipulators, Hardware and Software as New Factors for Cryptocurrency Pricing: A Survey

Abstract

In the last decade, cryptocurrencies have been confidently setting the trend in global financial markets. Nevertheless, a certain degree of mistrust toward the use of cryptocurrencies persists among investors and researchers due to the lack of reliable models for predicting their dynamics. Such models can be constructed based on a comprehensive consideration of the factors that determine the price of cryptocurrencies. This article provides: (a) a brief overview of known factors affecting cryptocurrency pricing, and (b) a more detailed review of new factors, including those related to computational resources and software tools. This review may be useful for researchers and practitioners building mathematical models for cryptocurrency forecasting.