Using analytics to gain insights into the cryptocurrency market

The Internet of Things(IoT) has brought new opportunities for other technologies such as the blockchains to be applied to every sector of the economy. Blockchains opened many new business prospects made possible through its promise of secure and efficient ledgers distributed over a large number of computers. But blockchains rely on the participation of individuals to download the blockchain code onto their computer and make them available to record new entries into the blockchain. To encourage individuals to participate the blockchain provide rewards in form of coins or tokens. What was originally thought as a reward for participation turned quickly into a cryptocurrency, with over 1,000 coins or tokens created in 2017. This study advocates multiple analytics perspectives for providing insights into the cryptocurrency market from different viewpoints. Using descriptive analytics can identify potential research questions in cryptocurrency markets