Received the second place award at HackCulture 2019, an interdisciplinary hackathon that encourages collaboration across various UIUC majors. Working with four team members, the project's objective was to assess the credibility of cryptocurrencies using statistical methods to investigate potential relationships and correlations between select economic indicators, and addresses if cryptocurrency values correlate with the global economy.
The proposed hypothesis was that a currency’s credibility can be scored by how well its’ value correlates with select economic indicators. The degree of correlation can be used to determine its’ possible use case and financial strength in the global economy.
To assess the credibility of cryptocurrencies, regression analyses were completed using Microsoft Excel and correlation and clustering analyses were completed using R.