Observational analysis reveals dynamic relationships between NFTs, DeFi tokens, and clean energy during crises, suggesting implications for portfolio strategies.
Key Points
NFT and DeFi tokens exhibited higher volatility while Clean Energy indices showed positive returns with low volatility.
Wavelet coherence analysis indicates specific relationships between assets during geopolitical crises, especially the Russia-Ukraine war.
The study utilizes techniques such as continuous wavelet transform to investigate asset interdependence over different timeframes.
Findings underscore the importance of crisis-dependent strategies in sustainable investment and risk management.