Predictive Modeling of Cryptocurrency Prices Using Machine Learning AlgorithmsShow others and affiliations
2024 (English)In: 2024 15th International Conference on Computing Communication and Networking Technologies (ICCCNT), IEEE, 2024Conference paper, Published paper (Refereed)
Abstract [en]
Cryptocurrencies, such as Bitcoin, Binance, Ethereum, FTX, and XRP, are decentralized digital assets known for their volatile nature and potential as investment instruments. Accurate price prediction is crucial for informed investment decisions. This study explores the feasibility of various modeling techniques on diverse data structures and features for predicting the prices of these cryptocurrencies. We utilize daily and high-frequency price data to classify and predict prices using deep learning and machine learning techniques, including LSTM, Bi-LSTM, GRU, linear regression, and SGD regression. Our findings indicate that daily price projections achieve an accuracy of 0.99, outperforming more complex deep learning and machine learning models. Compared to benchmark results, our approach demonstrates superior performance, with the highest scores achieved by the applied statistical methods and advanced algorithms. This research highlights the effectiveness of deep learning and machine learning models in cryptocurrency price forecasting, offering a foundation for further exploration in the field and emphasizing the significance of sample size in predictive modeling.
Place, publisher, year, edition, pages
IEEE, 2024.
Keywords [en]
Cryptocurrencies, Deep learning, Machine learning, Bitcoin, Volatility
National Category
Computer Sciences
Research subject
Cyber Security
Identifiers
URN: urn:nbn:se:ltu:diva-111192DOI: 10.1109/ICCCNT61001.2024.10723951Scopus ID: 2-s2.0-85212863228OAI: oai:DiVA.org:ltu-111192DiVA, id: diva2:1924623
Conference
The 15th International Conference on Computing, Communication and Networking Technologies (ICCCNT), Himachal Pradesh, India, June 24-28, 2024
Note
ISBN for host publication: 979-8-3503-7024-9;
2025-01-072025-01-072025-10-21Bibliographically approved