Analysis of cryptocurrencies price formation : what can the formation of cryptocurrency explain?

Surprisingly little is written regarding cryptocurrencies in the academic literature (Cheung, et al., 2015) and most information available is merely regarding Bitcoin. Resulting in a lack of knowledge and consistency regarding important, investing related, questions. Such as if (traditional) pricing or valuation techniques apply to cryptocurrencies, what factors influence cryptocurrencies and what differences are can be recognized among cryptocurrencies? Therefore the following central research question and corresponding sub questions are created to explain and understand the price movement of cryptocurrencies: What can the price movement of cryptocurrencies explain? What pricing theories can be applied to cryptocurrencies? What factors can explain the price movement of cryptocurrencies?