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A Cryptocurrency Prediction Model Using LSTM and GRU Algorithms

  • Indiana University Kokomo
  • Georgia Southern University

Research output: Contribution to book or proceedingConference articlepeer-review

20 Scopus citations

Abstract

This study aims to predict cryptocurrency prices using Long Short-Term Memory(LSTM) and Gated Recurrent Unit(GRU) for three different coins: BitCoin, Ethereum, and Litecoin. For the training data for prediction, two data sets with different statistical characteristics in terms of Kurtosis and Skewness are used. LSTM and GRU models are trained and tested on the same hyperparameter configuration while increasing the number of epochs from 1 to 30. The accuracy of each model is measured by Root Mean Square Error (RMSE) and MAE (Mean Absolute Error). As a result of comparing GRU and LSTM, in BTC and ETH, the GRU was more advantageous for the downward stabilization trend, and the LSTM was suitable for the upward stabilization trend. However, in case of low-priced LTC, LSTM and GRU showed the same performance in sample type A, and in the case of type B, GRU was more accurate.

Original languageEnglish
Title of host publicationProceedings - 2021 IEEE/ACIS 6th International Conference on Big Data, Cloud Computing, and Data Science, BCD 2021
EditorsJixin Ma, Simon Xu
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages37-44
Number of pages8
ISBN (Electronic)9781728176819
ISBN (Print)9781728176819
DOIs
StatePublished - Sep 13 2021
Event6th IEEE/ACIS International Conference on Big Data, Cloud Computing, and Data Science, BCD 2021 - Zhuhai, China
Duration: Sep 13 2021Sep 15 2021

Publication series

NameProceedings - 2021 IEEE/ACIS 6th International Conference on Big Data, Cloud Computing, and Data Science, BCD 2021

Conference

Conference6th IEEE/ACIS International Conference on Big Data, Cloud Computing, and Data Science, BCD 2021
Country/TerritoryChina
CityZhuhai
Period09/13/2109/15/21

Scopus Subject Areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Information Systems
  • Decision Sciences (miscellaneous)
  • Information Systems and Management
  • Statistics, Probability and Uncertainty

Keywords

  • Big Data
  • Cryptocurrency
  • Deep learning
  • GRU
  • LSTM

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