A Streaming Data Collection and Analysis for Cryptocurrency Price Prediction using LSTM

Jongyeop Kim, Hayden Wimmer, Hong Liu, Seongsoo Kim

Research output: Contribution to book or proceedingConference articlepeer-review

1 Scopus citations

Abstract

Big data analysis for accurate predictions requires adherence to systematic procedures. This study shows an entire data analysis phase from the data collection to model evaluation using the Long Short-Term memory(LSTM) for cryptocurrency price prediction. Three different coin prices are directly collected from the CoinMarketCap in nearly real-Time by applying the web scraping technique. The LSTM model trained with this data varying random seed or static seed parameters to find optimal conditions, leading to better accuracy of the LSTM model. Our model evaluated their accuracy in terms of MAE, RMSE, and SMAPE indicators. As a result of this experiment, most of the best candidate parameters are classified at the fixed seed trail in terms of the RMSE for Bit coin, Ethereum, and Lite Coin.

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.
Pages45-52
Number of pages8
ISBN (Electronic)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

Keywords

  • Big Data
  • Cryptocurrency
  • Data streaming
  • Finance Data
  • LSTM
  • web scraping

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