TY - JOUR
T1 - A Streaming Data Collection and Analysis for Cryptocurrency Price Prediction using LSTM
AU - Kim, Jongyeop
AU - Wimmer, Hayden
AU - Liu, Hong
AU - Kim, Seongsoo
PY - 2021/11/4
Y1 - 2021/11/4
N2 - 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.
AB - 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.
KW - Big Data
KW - Cryptocurrency
KW - Data streaming
KW - Finance Data
KW - LSTM
KW - web scraping
UR - https://digitalcommons.georgiasouthern.edu/information-tech-facpubs/177
UR - https://doi.org/10.1109/BCD51206.2021.9581491
U2 - 10.1109/BCD51206.2021.9581491
DO - 10.1109/BCD51206.2021.9581491
M3 - Article
JO - IEEE/ACIS 6th International Conference on Big Data, Cloud Computing, and Data Science (BCD) Proceedings
JF - IEEE/ACIS 6th International Conference on Big Data, Cloud Computing, and Data Science (BCD) Proceedings
ER -