Investigating herding severity in different NFT categories

Vasanthi Mamidala and Pooja Kumari

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: This study investigates unconditional and conditional herding behaviour in Non-Fungible Token (NFT) sales volume and whether NFT's popularity coheres with it. We find that herding exists in all NFTs except metaverse NFTs and is more significant in lower sales volume for game and utility NFTs. Furthermore, NFTs’ sales volumes and popularity exhibit coherence. Overall, our findings provide valuable insights for investors and policymakers.

Keywords: Non-fungible token; Conditional herding; Unconditional herding; Wavelet analysis (search for similar items in EconPapers)
JEL-codes: G12 G19 G41 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323008000

DOI: 10.1016/j.frl.2023.104428

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