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

Blockchain technologies, which form the basis of Industry 4.0, paved way for cryptocurrencies to emerge as technological innovation in technology age. Recently, investors worldwide have been interested with increasing acceleration due high earning expectations though they no backing and intrinsic value. As such, this paper seeks identify most proper from an investment standpoint our era. Fifteen well-known highest market capitalization are evaluated per sixteen factors. An intuitionistic fuzzy set-driven methodology incorporating Evaluation Based on Distance Average Solution (EDAS), Multi-Attributive Ideal Real Comparative Analysis (MAIRCA, Measurement Alternatives Ranking according COmpromise (MARCOS), is study’s prominent novelty, has applied provide a strong group decision vehicle cryptocurrency selection. Notwithstanding, although results obtained three approaches highly consistent, would not like doubt instrument will invest in. The Borda count then obtain compromise rankings each approach. findings, Ethereum, Tether, Bitcoin suitable cryptocurrencies, whereas reliable software, ease inclusion wallet, stability foremost factors consider when investing cryptocurrencies. findings further discussed detail financial perspective. proposed approach could be employed select different instruments future studies.