Cryptocurrency Price Prediction with Convolutional Neural Network and Stacked Gated Recurrent Unit

【Author】 Kang, Chuen Yik; Lee, Chin Poo; Lim, Kian Ming

【Source】DATA

【影响因子】0.000

【Abstract】Virtual currencies have been declared as one of the financial assets that are widely recognized as exchange currencies. The cryptocurrency trades caught the attention of investors as cryptocurrencies can be considered as highly profitable investments. To optimize the profit of the cryptocurrency investments, accurate price prediction is essential. In view of the fact that the price prediction is a time series task, a hybrid deep learning model is proposed to predict the future price of the cryptocurrency. The hybrid model integrates a 1-dimensional convolutional neural network and stacked gated recurrent unit (1DCNN-GRU). Given the cryptocurrency price data over the time, the 1-dimensional convolutional neural network encodes the data into a high-level discriminative representation. Subsequently, the stacked gated recurrent unit captures the long-range dependencies of the representation. The proposed hybrid model was evaluated on three different cryptocurrency datasets, namely Bitcoin, Ethereum, and Ripple. Experimental results demonstrated that the proposed 1DCNN-GRU model outperformed the existing methods with the lowest RMSE values of 43.933 on the Bitcoin dataset, 3.511 on the Ethereum dataset, and 0.00128 on the Ripple dataset.

【Keywords】cryptocurrency price prediction; price prediction; convolutional neural network; gated recurrent unit; CNN; GRU; Bitcoin; Ethereum; Ripple

【发表时间】2022 NOV

【收录时间】2022-11-30

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-价格预测