Cryptocurrency price prediction using LSTM neural networks
Πρόβλεψη τιμής κρυπτονομίσματος με LSTM νευρωνικά δίκτυα
Bachelor Dissertation
Author
Dosiadis, Ioannis
Δοσιάδης, Ιωάννης
Date
2024-09View/ Open
Keywords
Πρόβλεψη ; Κρυπτονομίσματα ; LSTM ; Νευρωνικά δίκτυα ; Προεπεξεργασία δεδομένωνAbstract
Cryptocurrencies have been growing in interest, among all sorts of people and mostly investors. Above all cryptocurrencies, Bitcoin shows the highest amount of price volatility, driven by numerous political and economic reasons that make the trajectory hard to predict. Therefore, this paper tries to find out the efficiency of an LSTM neural network pre-processed with some data in forecasting the next day closing prices of Bitcoin. From our results, this LSTM model was able to efficiently predict the prices of Bitcoin with a mean absolute percentage error of 0.07. Moreover, standardization and normalization were applied, elevating its predictive power for the model enormously.