Introduction. Blockchain technology along with virtual currencies represent a widely debated topic which in the context of the current economic climate shows a growing interest. As digitalization intensifies, it is very likely that in the future a significant part of the workforce will conduct activity in industries hat use Blockchain technology. Given their novelty, Blockchain and cryptocurrencies have the potential to impact most industries and moreover to act as a link between distinct industries. Virtual currencies and the technology behind them are two extremely popular topics of the 21st century. As to how they will integrate into the current political and economic framework, researchers’ views are divided. There are perspectives that suggest that these technologies will revolutionize the future, putting an end to central banking systems and traditional ways of trading. However, one fact is obvious. The emergence of these technologies seems to change the way we think and use financial resources.
Aim of the study. The paper aims to conduct an analysis regarding the interdependence between five of the most traded cryptocurrencies in terms of prices (Bitcoin, Binance, Dogecoin, Ethereum and Ripple).