{"id":"https://openalex.org/W4291742946","doi":"https://doi.org/10.3390/axioms11080404","title":"Evaluation of Cryptocurrencies for Investment Decisions in the Era of Industry 4.0: A Borda Count-Based Intuitionistic Fuzzy Set Extensions EDAS-MAIRCA-MARCOS Multi-Criteria Methodology","display_name":"Evaluation of Cryptocurrencies for Investment Decisions in the Era of Industry 4.0: A Borda Count-Based Intuitionistic Fuzzy Set Extensions EDAS-MAIRCA-MARCOS Multi-Criteria Methodology","publication_year":2022,"publication_date":"2022-08-15","ids":{"openalex":"https://openalex.org/W4291742946","doi":"https://doi.org/10.3390/axioms11080404"},"language":"en","primary_location":{"id":"doi:10.3390/axioms11080404","is_oa":true,"landing_page_url":"https://doi.org/10.3390/axioms11080404","pdf_url":"https://www.mdpi.com/2075-1680/11/8/404/pdf?version=1660802584","source":{"id":"https://openalex.org/S4210173132","display_name":"Axioms","issn_l":"2075-1680","issn":["2075-1680"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Axioms","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2075-1680/11/8/404/pdf?version=1660802584","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5089028976","display_name":"Fatih Ecer","orcid":"https://orcid.org/0000-0002-6174-3241"},"institutions":[{"id":"https://openalex.org/I52407163","display_name":"Afyon Kocatepe University","ror":"https://ror.org/03a1crh56","country_code":"TR","type":"education","lineage":["https://openalex.org/I52407163"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Fatih Ecer","raw_affiliation_strings":["Sub-Department of Operations Research, Faculty of Economics and Administrative Sciences, Afyon Kocatepe University, 03030 Afyonkarahisar, Turkey"],"affiliations":[{"raw_affiliation_string":"Sub-Department of Operations Research, Faculty of Economics and Administrative Sciences, Afyon Kocatepe University, 03030 Afyonkarahisar, Turkey","institution_ids":["https://openalex.org/I52407163"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5047339261","display_name":"Adem B\u00f6y\u00fckaslan","orcid":"https://orcid.org/0000-0002-9073-0554"},"institutions":[{"id":"https://openalex.org/I52407163","display_name":"Afyon Kocatepe University","ror":"https://ror.org/03a1crh56","country_code":"TR","type":"education","lineage":["https://openalex.org/I52407163"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Adem B\u00f6y\u00fckaslan","raw_affiliation_strings":["Department of International Trade and Finance, Faculty of Economics and Administrative Sciences, Afyon Kocatepe University, ANS Campus, 03030 Afyonkarahisar, Turkey"],"affiliations":[{"raw_affiliation_string":"Department of International Trade and Finance, Faculty of Economics and Administrative Sciences, Afyon Kocatepe University, ANS Campus, 03030 Afyonkarahisar, Turkey","institution_ids":["https://openalex.org/I52407163"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5045595587","display_name":"Sarfaraz Hashemkhani Zolfani","orcid":"https://orcid.org/0000-0002-2602-3986"},"institutions":[{"id":"https://openalex.org/I2802166871","display_name":"Universidad Cat\u00f3lica del Norte","ror":"https://ror.org/02akpm128","country_code":"CL","type":"education","lineage":["https://openalex.org/I2802166871"]}],"countries":["CL"],"is_corresponding":true,"raw_author_name":"Sarfaraz Hashemkhani Zolfani","raw_affiliation_strings":["School of Engineering, Universidad Catolica del Norte, Larrondo, Coquimbo 1281, Chile"],"affiliations":[{"raw_affiliation_string":"School of Engineering, Universidad Catolica del Norte, Larrondo, Coquimbo 1281, Chile","institution_ids":["https://openalex.org/I2802166871"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5045595587"],"corresponding_institution_ids":["https://openalex.org/I2802166871"],"apc_list":{"value":1400,"currency":"CHF","value_usd":1515},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1515},"fwci":12.0878,"has_fulltext":true,"cited_by_count":39,"citation_normalized_percentile":{"value":0.9861224,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":99},"biblio":{"volume":"11","issue":"8","first_page":"404","last_page":"404"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.991100013256073,"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"}},"topics":[{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.991100013256073,"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/T14143","display_name":"Economic and Technological Innovation","score":0.9771999716758728,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.9724000096321106,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/cryptocurrency","display_name":"Cryptocurrency","score":0.9190398454666138},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.5497184991836548},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.4905978739261627},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4597826600074768},{"id":"https://openalex.org/keywords/investment-strategy","display_name":"Investment strategy","score":0.44121140241622925},{"id":"https://openalex.org/keywords/set","display_name":"Set (abstract data type)","score":0.44057151675224304},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.3299481272697449},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.2373250424861908},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.21965068578720093},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.16105550527572632},{"id":"https://openalex.org/keywords/law","display_name":"Law","score":0.09813272953033447}],"concepts":[{"id":"https://openalex.org/C180706569","wikidata":"https://www.wikidata.org/wiki/Q13479982","display_name":"Cryptocurrency","level":2,"score":0.9190398454666138},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.5497184991836548},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4905978739261627},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4597826600074768},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.44121140241622925},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.44057151675224304},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3299481272697449},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.2373250424861908},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.21965068578720093},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.16105550527572632},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.09813272953033447},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/axioms11080404","is_oa":true,"landing_page_url":"https://doi.org/10.3390/axioms11080404","pdf_url":"https://www.mdpi.com/2075-1680/11/8/404/pdf?version=1660802584","source":{"id":"https://openalex.org/S4210173132","display_name":"Axioms","issn_l":"2075-1680","issn":["2075-1680"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Axioms","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:c9265bdf23fd4780a2296d9ef4f5516f","is_oa":true,"landing_page_url":"https://doaj.org/article/c9265bdf23fd4780a2296d9ef4f5516f","pdf_url":null,"source":{"id":"https://openalex.org/S112646816","display_name":"SHILAP Revista de lepidopterolog\u00eda","issn_l":"0300-5267","issn":["0300-5267","2340-4078"],"is_oa":true,"is_in_doaj":true,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Axioms, Vol 11, Iss 8, p 404 (2022)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/2075-1680/11/8/404/","is_oa":true,"landing_page_url":"https://dx.doi.org/10.3390/axioms11080404","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"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":"Axioms; Volume 11; Issue 8; Pages: 404","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/axioms11080404","is_oa":true,"landing_page_url":"https://doi.org/10.3390/axioms11080404","pdf_url":"https://www.mdpi.com/2075-1680/11/8/404/pdf?version=1660802584","source":{"id":"https://openalex.org/S4210173132","display_name":"Axioms","issn_l":"2075-1680","issn":["2075-1680"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Axioms","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/9","score":0.44999998807907104,"display_name":"Industry, innovation and infrastructure"}],"awards":[],"funders":[{"id":"https://openalex.org/F4320308931","display_name":"U.S. Department of the Treasury","ror":"https://ror.org/028t43p77"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4291742946.pdf","grobid_xml":"https://content.openalex.org/works/W4291742946.grobid-xml"},"referenced_works_count":93,"referenced_works":["https://openalex.org/W217726381","https://openalex.org/W1971875039","https://openalex.org/W1980564456","https://openalex.org/W2012615794","https://openalex.org/W2042442456","https://openalex.org/W2079767857","https://openalex.org/W2259660946","https://openalex.org/W2609705730","https://openalex.org/W2648125487","https://openalex.org/W2732971366","https://openalex.org/W2771030840","https://openalex.org/W2783933003","https://openalex.org/W2802608535","https://openalex.org/W2884358933","https://openalex.org/W2885403664","https://openalex.org/W2886458597","https://openalex.org/W2888832810","https://openalex.org/W2890821055","https://openalex.org/W2891485415","https://openalex.org/W2894466258","https://openalex.org/W2895641385","https://openalex.org/W2895814708","https://openalex.org/W2905582627","https://openalex.org/W2920590068","https://openalex.org/W2950067446","https://openalex.org/W2965790797","https://openalex.org/W2982469182","https://openalex.org/W2988504728","https://openalex.org/W2988832636","https://openalex.org/W2996521213","https://openalex.org/W2999389853","https://openalex.org/W2999859778","https://openalex.org/W3004864580","https://openalex.org/W3006312903","https://openalex.org/W3009099698","https://openalex.org/W3010146996","https://openalex.org/W3012582342","https://openalex.org/W3017876003","https://openalex.org/W3021611597","https://openalex.org/W3022332714","https://openalex.org/W3033861287","https://openalex.org/W3034180866","https://openalex.org/W3037557647","https://openalex.org/W3043294666","https://openalex.org/W3043349392","https://openalex.org/W3045309282","https://openalex.org/W3046946645","https://openalex.org/W3048535120","https://openalex.org/W3083082410","https://openalex.org/W3083815046","https://openalex.org/W3083911042","https://openalex.org/W3087019802","https://openalex.org/W3095181899","https://openalex.org/W3102516709","https://openalex.org/W3102555761","https://openalex.org/W3103231282","https://openalex.org/W3105998315","https://openalex.org/W3110972336","https://openalex.org/W3112045345","https://openalex.org/W3112149420","https://openalex.org/W3112225239","https://openalex.org/W3114263521","https://openalex.org/W3124360645","https://openalex.org/W3125260748","https://openalex.org/W3127015263","https://openalex.org/W3132583129","https://openalex.org/W3134469006","https://openalex.org/W3136764657","https://openalex.org/W3138536154","https://openalex.org/W3139461388","https://openalex.org/W3153904510","https://openalex.org/W3155318556","https://openalex.org/W3161946607","https://openalex.org/W3168174152","https://openalex.org/W3177610002","https://openalex.org/W3184978851","https://openalex.org/W3190260286","https://openalex.org/W3199100354","https://openalex.org/W3205120242","https://openalex.org/W3207007055","https://openalex.org/W3207563633","https://openalex.org/W3209741194","https://openalex.org/W4200318451","https://openalex.org/W4206258202","https://openalex.org/W4210316774","https://openalex.org/W4210347935","https://openalex.org/W4211240942","https://openalex.org/W4285009311","https://openalex.org/W4292295629","https://openalex.org/W6645451138","https://openalex.org/W6767661463","https://openalex.org/W6791961225","https://openalex.org/W6802810600"],"related_works":["https://openalex.org/W4366411693","https://openalex.org/W3211641817","https://openalex.org/W3164717803","https://openalex.org/W4389915954","https://openalex.org/W3123387860","https://openalex.org/W4291291739","https://openalex.org/W3131928322","https://openalex.org/W2384551111","https://openalex.org/W3197577911","https://openalex.org/W4393327063"],"abstract_inverted_index":{"Blockchain":[0],"technologies,":[1],"which":[2,111],"form":[3],"the":[4,10,20,54,70,113,132,136,148,165,180,191,196],"basis":[5],"of":[6,102,188],"Industry":[7],"4.0,":[8],"paved":[9],"way":[11],"for":[12,127,164],"cryptocurrencies":[13,30,57,68],"to":[14,35,52,107,120,146,160,199,222],"emerge":[15],"as":[16,76],"technological":[17,64],"innovation":[18],"in":[19,29,62,190,203,210,227],"technology":[21],"age.":[22],"Recently,":[23],"investors":[24,142],"worldwide":[25],"have":[26,41],"been":[27,118],"interested":[28],"with":[31,69,135],"increasing":[32],"acceleration":[33],"due":[34],"high":[36],"earning":[37],"expectations":[38],"though":[39],"they":[40,150],"no":[42],"backing":[43],"and":[44,100,104,177,193],"intrinsic":[45],"value.":[46],"As":[47,171],"such,":[48],"this":[49],"paper":[50],"seeks":[51],"identify":[53],"most":[55,181],"proper":[56],"from":[58,90,168,212],"an":[59],"investment":[60,225],"standpoint":[61],"our":[63,173],"era.":[65],"Fifteen":[66],"well-known":[67],"highest":[71],"market":[72],"capitalization":[73],"are":[74,139,179,195,207],"evaluated":[75],"per":[77,172],"sixteen":[78],"factors.":[79],"An":[80],"intuitionistic":[81],"fuzzy":[82],"set-driven":[83],"methodology":[84],"incorporating":[85],"Evaluation":[86],"Based":[87],"on":[88],"Distance":[89],"Average":[91],"Solution":[92,109],"(EDAS),":[93],"Multi-Attributive":[94],"Ideal":[95],"Real":[96],"Comparative":[97],"Analysis":[98],"(MAIRCA,":[99],"Measurement":[101],"Alternatives":[103],"Ranking":[105],"according":[106],"COmpromise":[108],"(MARCOS),":[110],"is":[112,157],"study\u2019s":[114],"prominent":[115],"novelty,":[116],"has":[117],"applied":[119,159],"provide":[121],"a":[122,162,213],"strong":[123],"group":[124],"decision":[125],"vehicle":[126],"cryptocurrency":[128],"selection.":[129],"Notwithstanding,":[130],"although":[131],"results":[133],"obtained":[134,167],"three":[137],"approaches":[138],"highly":[140],"consistent,":[141],"would":[143],"not":[144],"like":[145],"doubt":[147],"instrument":[149],"will":[151],"invest":[152],"in.":[153],"The":[154,205,216],"Borda":[155],"count":[156],"then":[158],"obtain":[161],"compromise":[163],"rankings":[166],"each":[169],"approach.":[170],"findings,":[174],"Ethereum,":[175],"Tether,":[176],"Bitcoin":[178],"suitable":[182],"cryptocurrencies,":[183],"whereas":[184],"reliable":[185],"software,":[186],"ease":[187],"inclusion":[189],"wallet,":[192],"stability":[194],"foremost":[197],"factors":[198],"consider":[200],"when":[201],"investing":[202],"cryptocurrencies.":[204],"findings":[206],"further":[208],"discussed":[209],"detail":[211],"financial":[214],"perspective.":[215],"proposed":[217],"approach":[218],"could":[219],"be":[220],"employed":[221],"select":[223],"different":[224],"instruments":[226],"future":[228],"studies.":[229]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":11},{"year":2024,"cited_by_count":13},{"year":2023,"cited_by_count":11},{"year":2022,"cited_by_count":3}],"updated_date":"2026-03-31T07:56:22.981413","created_date":"2025-10-10T00:00:00"}