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

Jongyeop Kim, Hayden Wimmer, Hong Liu, Seongsoo Kim

Research output: Contribution to journalArticlepeer-review

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.

Disciplines

  • Computer Sciences

Keywords

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

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