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The Prediction of Cryptocurrency Prices Using Neural Architectures and Sentiment Analysis
Author(s)
Mohsin Ghaffar Ghouri Faculty of Information Technology, University of Central Punjab Lahore,,Pakistan
Mohsin Ashraf Faculty of Information Technology, University of Central Punjab Lahore,,Pakistan
Abstract
Cryptocurrency is the most secure, traceable, and reliable intangible currency because it uses blockchain technology. It eliminates the middle layer of financial institutes in the traditional economic system. Because of high returns in cryptocurrencies, investors and other firms invest a lot of money. But the prices of the cryptocurrencies are uncertain. Prices of cryptocurrencies are influenced by many factors like sentiments, trading volume, and similar. Researchers are doing plenty of work to predict the accurate prices of various cryptocurrencies. However, many of these methods cannot be used in real-time. Several deep learning models such as Neural networks (NN), Long short-term memory (LSTM), and Gated recurrent unit (GRU) have been utilized by researchers for predicting the price of cryptocurrencies and yet, are unable to achieve significant results. This work combines LSTM and GRU with sentiment analysis to precisely estimate bitcoin values. We have used Root means square error (RMSE) to evaluate the model performance with and without sentiments. Empirically, we have compared the results with the other state-of-the-art models and found better results using the proposed hybrid model incorporated with sentiments.
Publication Details
Page(s) 29-36
DOI DOI not available
Published Journal: VFAST Transactions on Software Engineering, Volume: 10, Issue: 4, Year: 2022
Keywords
Sentiment analysis LSTM Cryptocurrency Bitcoin Price prediction GRU
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