Group07 proposal

Overview

As of March 2018, there are 1,658 cryptocurrencies in existence. The total cryptocurrency market capitalization is just under $369 billion. With the help of cryptography and a collective booking system called blockchain, cryptocurrencies build a distributed, safe and decentralized payment system, which does not need banks, intermediates, an organization or a central technical infrastructure to work. However, mainly due to lack of regulatory support, Cryptocurrencies are highly volatile, which makes it a risky investment. Therefore, in this project, a Shiny web application is created with the cryptocurrency analysis in mind. It integrates three types of analysis: Time Series Analysis, Correlation Analysis and Portfolio Selection Analysis within one application. This application is made to be informative and allows potential investors of cryptocurrency to interact with the data embedded within the application, view the visualization and generate results based on the selected filters before they make decision on cryptocurrency investment.