Authors :
Tiya Joy; Lijin Benny; Jeremy Varghese; Thomas Philip; Bency Wilson
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3nxbxM8
DOI :
https://doi.org/10.5281/zenodo.7898024
Abstract :
Cryptocurrency is a type of digital or virtual
currency that uses cryptography to secure and verify
transactions as well as to control the creation of new
units, it uses Blockchain properties for the same.
Blockchain is a decentralized digital ledger technology
that records transactions securely and transparently.
Blockchain technology and cryptocurrency are closely
connected. Cryptocurrencies rely on blockchain
technology to operate, as blockchain serves as the
decentralized ledger that records all transactions and
ensures their security and transparency. [7] As the
internet becomes more accessible and convenient, an
increasing number of people and organizations are
turning to digital transactions. Digital payment systems
are significantly faster, less expensive, and more
efficient. As a result, it's not unexpected that innovative
digital payment system types are quickly emerging. No
other approach even comes close to the colossus that is
cryptocurrencies. Predicting cryptocurrency prices can
be useful for a variety of reasons. For traders and
investors, predicting cryptocurrency prices can help
them make informed decisions about when to buy or sell
cryptocurrencies, maximizing their profits or
minimizing their losses. For prediction, the algorithms
used are GRU (gated recurrent unit), LSTM (longshort-term memory), and Bi-LSTM (Bi-directional
long-short-term memory) algorithms to predict the
future price of a cryptocurrency. An ensemble model is
also created using the three models, and prices could be
accurately predicted using these models and displaying
the obtained results.
Keywords :
Cryptocurrency; LSTM, Bi-LSTM, GRU, Ensambled;
Cryptocurrency is a type of digital or virtual
currency that uses cryptography to secure and verify
transactions as well as to control the creation of new
units, it uses Blockchain properties for the same.
Blockchain is a decentralized digital ledger technology
that records transactions securely and transparently.
Blockchain technology and cryptocurrency are closely
connected. Cryptocurrencies rely on blockchain
technology to operate, as blockchain serves as the
decentralized ledger that records all transactions and
ensures their security and transparency. [7] As the
internet becomes more accessible and convenient, an
increasing number of people and organizations are
turning to digital transactions. Digital payment systems
are significantly faster, less expensive, and more
efficient. As a result, it's not unexpected that innovative
digital payment system types are quickly emerging. No
other approach even comes close to the colossus that is
cryptocurrencies. Predicting cryptocurrency prices can
be useful for a variety of reasons. For traders and
investors, predicting cryptocurrency prices can help
them make informed decisions about when to buy or sell
cryptocurrencies, maximizing their profits or
minimizing their losses. For prediction, the algorithms
used are GRU (gated recurrent unit), LSTM (longshort-term memory), and Bi-LSTM (Bi-directional
long-short-term memory) algorithms to predict the
future price of a cryptocurrency. An ensemble model is
also created using the three models, and prices could be
accurately predicted using these models and displaying
the obtained results.
Keywords :
Cryptocurrency; LSTM, Bi-LSTM, GRU, Ensambled;