Author(s) :

Duc Anh Ngo.

Volume/Issue :

Abstract :

Cryptocurrencies are volatile digital currencies based on a decentralized system. Their market behavior, shaped primarily by communal factors such as developer activity and community engagement, differs from that of traditional financial instruments, which are typically driven by intrinsic factors. This study examines the impact of community engagement, as measured by developer activity on GitHub, on the valuation and trading volume of decentralized assets. A quantitative research design is used to analyze developer data from multiple cryptocurrencies. Statistical methods, including correlation analysis, are applied to assess the strength of the relationships between developer activity, asset valuation, and trading volume. Preliminary findings indicate a consistent correlation between developer engagement and both asset valuation and trading volume, offering insight into what drives the success of cryptocurrency projects. This research contributes to the rapidly growing field of cryptocurrency market analytics, highlighting developer activity as a predictive indicator and a potential tool for anticipating shifts in both market dynamics and community sentiment.