Are cryptocurrencies homogeneous?

This article investigates if cryptocurrencies returns' are similarly affected by a selection of demand- and supply-side determinants. Homogeneity among is tested via least absolute shrinkage operator (LASSO) model where determinants Bitcoin returns applied to sample 12 cryptocurrencies. The analysis goes beyond existing research simultaneously covering different periods design choices results show that heterogeneous, apart from some similarities in the impact technical cybercrime. cryptocurrency market displays evidence substitution effects, related explain return.