Paper Title
Pursuit of Positive Feedback Trading in Utility Tokens

Abstract
Utility Tokens are a subset of crypto currency market developing with high demand from investors. Presence of momentum investors in these tokens may mislead uninformed investors and the aim of the study is to shed light to this matter. Four leading utility token returns are analyzed to detect positive feedback trading and Monero and EOS are found to be preferred by momentum investors. Moreover, after overcoming the serial correlation problem, these tokens returns are regressed with Newey-West standard errors. Ethereum is found to have more influence than Bitcoin overall;mainly on Polkadot (99%)and EOS returns (99%). Whereas, Bitcoin returns can explain the change in Monero (99%) and Binance coin (90%). Keywords - Positive Feedback Trading, Utility Tokens, Decentralized Finance