{"id":"https://openalex.org/W4407837764","doi":"https://doi.org/10.1080/23322039.2025.2468387","title":"A systematic approach to predicting NFT prices using time series forecasting and macroeconomic factors in digital assets","display_name":"A systematic approach to predicting NFT prices using time series forecasting and macroeconomic factors in digital assets","publication_year":2025,"publication_date":"2025-02-21","ids":{"openalex":"https://openalex.org/W4407837764","doi":"https://doi.org/10.1080/23322039.2025.2468387"},"language":"en","primary_location":{"id":"doi:10.1080/23322039.2025.2468387","doi":"https://doi.org/10.1080/23322039.2025.2468387","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2025.2468387","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2025.2468387?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics &amp; Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2025.2468387?needAccess=true","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Sudip Giri","orcid":"https://orcid.org/0009-0006-6213-4161","observed_orcids":["https://orcid.org/0009-0006-6213-4161"]},"institutions":[{"id":"https://openalex.org/I12315562","display_name":"Texas Tech University","ror":"https://ror.org/0405mnx93","country_code":"US","type":"education","lineage":["https://openalex.org/I12315562"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Sudip Giri","raw_affiliation_strings":["Industrial, Manufacturing & Systems Engineering Department, Texas Tech University"],"raw_orcid":"https://orcid.org/0009-0006-6213-4161","affiliations":[{"raw_affiliation_string":"Industrial, Manufacturing & Systems Engineering Department, Texas Tech University","institution_ids":["https://openalex.org/I12315562"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5035820159","display_name":"Dongping Du","orcid":"https://orcid.org/0000-0001-7095-6946","observed_orcids":["https://orcid.org/0000-0001-7095-6946"]},"institutions":[{"id":"https://openalex.org/I12315562","display_name":"Texas Tech University","ror":"https://ror.org/0405mnx93","country_code":"US","type":"education","lineage":["https://openalex.org/I12315562"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Dongping Du","raw_affiliation_strings":["Industrial, Manufacturing & Systems Engineering Department, Texas Tech University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Industrial, Manufacturing & Systems Engineering Department, Texas Tech University","institution_ids":["https://openalex.org/I12315562"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051135732","display_name":"Mario G. Beruvides","orcid":"https://orcid.org/0000-0003-4579-4556","observed_orcids":["https://orcid.org/0000-0003-4579-4556"]},"institutions":[{"id":"https://openalex.org/I12315562","display_name":"Texas Tech University","ror":"https://ror.org/0405mnx93","country_code":"US","type":"education","lineage":["https://openalex.org/I12315562"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mario Beruvides","raw_affiliation_strings":["Industrial, Manufacturing & Systems Engineering Department, Texas Tech University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Industrial, Manufacturing & Systems Engineering Department, Texas Tech University","institution_ids":["https://openalex.org/I12315562"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I12315562"],"apc_list":{"value":950,"currency":"GBP","value_usd":1165},"apc_paid":{"value":950,"currency":"GBP","value_usd":1165},"fwci":5.5253,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":{"value":0.9542738,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":99},"biblio":{"volume":"13","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.013700000010430813,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.002300000051036477,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/non-fungible-tokens","display_name":"non-fungible tokens","score":0.996999979019165},{"id":"https://openalex.org/keywords/macroeconomic-factors","display_name":"macroeconomic factors","score":0.8690000176429749},{"id":"https://openalex.org/keywords/long-range-dependence","display_name":"long-range dependence","score":0.6209999918937683},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.7080000042915344},{"id":"https://openalex.org/keywords/autoregressive-models","display_name":"autoregressive models","score":0.6790000200271606},{"id":"https://openalex.org/keywords/transformer","display_name":"transformer models","score":0.7419999837875366},{"id":"https://openalex.org/keywords/cryptocurrency-market-dynamics","display_name":"cryptocurrency market dynamics","score":0.3790000081062317}],"concepts":[{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.6247316002845764},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.611451268196106},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5952134132385254},{"id":"https://openalex.org/C151406439","wikidata":"https://www.wikidata.org/wiki/Q186588","display_name":"Time series","level":2,"score":0.47614455223083496},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3945767879486084},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.22269931435585022},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.2095617651939392},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/23322039.2025.2468387","doi":"https://doi.org/10.1080/23322039.2025.2468387","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2025.2468387","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2025.2468387?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics &amp; Finance","raw_type":"journal-article"},{"id":"pmh:oai:ttu-ir.tdl.org:2346/101465","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/2346/101465","pdf_url":"https://ttu-ir.tdl.org/bitstreams/ec168cd8-695e-479f-8a24-b465e536a9f5/download","source":{"id":"https://openalex.org/S4306402519","display_name":"ThinkTech (Texas Tech University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I12315562","host_organization_name":"Texas Tech University","host_organization_lineage":["https://openalex.org/I12315562"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:doaj.org/article:e98f8486151b474db9f29aa4a109992b","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/e98f8486151b474db9f29aa4a109992b","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cogent Economics & Finance, Vol 13, Iss 1 (2025)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1080/23322039.2025.2468387","doi":"https://doi.org/10.1080/23322039.2025.2468387","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2025.2468387","pdf_url":"https://www.tandfonline.com/doi/pdf/10.1080/23322039.2025.2468387?needAccess=true","source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics &amp; Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.49000000953674316}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4407837764.pdf","grobid_xml":"https://content.openalex.org/works/W4407837764.grobid-xml"},"referenced_works_count":55,"referenced_works":["https://openalex.org/W1544274373","https://openalex.org/W2081028405","https://openalex.org/W2100011707","https://openalex.org/W2121394390","https://openalex.org/W2811507150","https://openalex.org/W2953864174","https://openalex.org/W3022643593","https://openalex.org/W3159427954","https://openalex.org/W3169156335","https://openalex.org/W3208066366","https://openalex.org/W3210183926","https://openalex.org/W3213421678","https://openalex.org/W4205627296","https://openalex.org/W4206487460","https://openalex.org/W4211197812","https://openalex.org/W4223466411","https://openalex.org/W4231679762","https://openalex.org/W4283578779","https://openalex.org/W4283719430","https://openalex.org/W4285735579","https://openalex.org/W4288056649","https://openalex.org/W4294074085","https://openalex.org/W4294839131","https://openalex.org/W4295935640","https://openalex.org/W4317401795","https://openalex.org/W4318478895","https://openalex.org/W4318757161","https://openalex.org/W4318824391","https://openalex.org/W4319068476","https://openalex.org/W4321202022","https://openalex.org/W4323358803","https://openalex.org/W4361208059","https://openalex.org/W4362015692","https://openalex.org/W4362468166","https://openalex.org/W4366771045","https://openalex.org/W4377022628","https://openalex.org/W4378229327","https://openalex.org/W4383567722","https://openalex.org/W4385258623","https://openalex.org/W4385376375","https://openalex.org/W4385724460","https://openalex.org/W4386137752","https://openalex.org/W4386566246","https://openalex.org/W4388739362","https://openalex.org/W4389891229","https://openalex.org/W4390707156","https://openalex.org/W4391127135","https://openalex.org/W4391239508","https://openalex.org/W4391430207","https://openalex.org/W4392051767","https://openalex.org/W4393004826","https://openalex.org/W4393022091","https://openalex.org/W4395083638","https://openalex.org/W4399958028","https://openalex.org/W4400495627"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W1919101720","https://openalex.org/W4390822878","https://openalex.org/W96888382","https://openalex.org/W4386126592","https://openalex.org/W2041308758","https://openalex.org/W2119012848","https://openalex.org/W2622688551","https://openalex.org/W1550175370","https://openalex.org/W1990205660"],"abstract_inverted_index":{"Non-fungible":[0],"tokens":[1],"(NFTs)":[2],"have":[3],"gained":[4],"mainstream":[5],"attention":[6],"in":[7],"the":[8,23,63,90,150,197,213,229,235],"fintech":[9],"community,":[10],"but":[11],"there":[12],"is":[13,51,234],"little":[14],"research":[15,86,203],"on":[16,32,68,200,246],"their":[17,33,48,72],"statistical":[18],"properties.":[19],"This":[20,58,85,179,202],"study":[21,59,180,237],"investigates":[22],"long-memory":[24],"characteristics":[25],"of":[26,65,100,104,153],"NFT":[27,69,121,139,218],"returns":[28],"and":[29,74,80,95,109,113,123,131,142,166,176,194,209,224],"volatility,":[30],"focusing":[31],"potential":[34],"for":[35,53,92,188,217,242],"predicting":[36],"price":[37],"movements.":[38],"As":[39],"NFTs":[40,244],"do":[41],"not":[42],"conform":[43],"to":[44,61,190,196,207,238],"traditional":[45],"models,":[46],"understanding":[47],"unique":[49],"features":[50],"crucial":[52],"comprehending":[54],"complex":[55],"market":[56],"dynamics.":[57],"aims":[60],"reveal":[62],"impact":[64],"macroeconomic":[66,247],"factors":[67,144],"prices,":[70],"understand":[71],"correlation":[73],"develop":[75],"predictive":[76],"models":[77,148],"using":[78,136,158,184],"autoregression":[79,137],"artificial":[81],"intelligence":[82],"(AI)":[83],"technology.":[84],"utilized":[87],"datasets":[88],"from":[89],"Centers":[91],"Disease":[93],"Control":[94],"Prevention":[96],"(CDC),":[97],"U.S.":[98],"Bureau":[99,103],"Labor":[101],"Statistics,":[102],"Economic":[105],"Analysis,":[106],"Christie\u2019s,":[107],"Dune,":[108],"Google":[110],"Trends.":[111],"Correlation":[112],"p":[114],"value":[115],"tests":[116],"revealed":[117],"strong":[118],"relationships":[119],"between":[120],"prices":[122],"variables":[124],"such":[125],"as":[126],"weekly":[127],"volume,":[128,140],"pandemics,":[129],"inflation":[130],"security.":[132],"The":[133,155],"Baseline":[134],"Model":[135,157],"with":[138,172],"security":[141],"technology":[143],"outperformed":[145],"all":[146],"other":[147],"demonstrating":[149],"speculative":[151],"volatility":[152],"NFTs.":[154,201],"Transformer":[156],"transformers,":[159],"an":[160],"architecture":[161],"used":[162],"by":[163,220],"ChatGPT,":[164],"Gemini":[165],"Stable":[167],"Diffusion,":[168],"showed":[169],"high":[170],"accuracy":[171],"less":[173],"feature":[174],"selection":[175],"preprocessing":[177],"efforts.":[178],"provides":[181],"a":[182,185],"novelty":[183],"systematic":[186],"approach":[187],"researchers":[189],"perform":[191],"financial":[192],"forecasting":[193,243],"contributes":[195],"scarce":[198],"literature":[199],"offers":[204],"valuable":[205],"insights":[206],"investors":[208],"private":[210],"agents":[211],"regarding":[212],"right":[214],"economic":[215],"conditions":[216],"investments":[219],"reducing":[221],"portfolio":[222],"risks":[223],"making":[225],"informed":[226],"decisions.":[227],"To":[228],"authors\u2019":[230],"best":[231],"knowledge,":[232],"this":[233],"first":[236],"utilize":[239],"time-series":[240],"transformers":[241],"based":[245],"factors.":[248]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2025-10-10T00:00:00"}
