With the growing popularity of cryptocurrencies, a variety of digital currencies have emerged on the cyrpto investment scene. It is important to distinguish between three major categories in the crypto world and understand each one of them.
We further explore the significance of cryptocurrency fundamentals at the aggregate market level using traditional asset pricing tests. For this analysis, we construct risk factors that are based on aggregate values of computing power and network. We denote the aggregate computing power factor with ACP and aggregate network factor with ANET. The innovation in constructing these factors is that we express them in cryptocurrency return units following the factor mimicking portfolio approach (Knez et al. 1994, Lamont 2001, Vassalou 2003).

The world's richest man now wants to be known as "Lorde Edge" based in a new location called "Trollheim."
Cryptocurrency existed as a theoretical construct long before the first digital alternative currencies debuted.