학술논문

An Improved Machine Learning-Driven Framework for Cryptocurrencies Price Prediction With Sentimental Cautioning
Document Type
Periodical
Source
IEEE Access Access, IEEE. 12:51395-51418 2024
Subject
Aerospace
Bioengineering
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Computing and Processing
Engineered Materials, Dielectrics and Plasmas
Engineering Profession
Fields, Waves and Electromagnetics
General Topics for Engineers
Geoscience
Nuclear Engineering
Photonics and Electrooptics
Power, Energy and Industry Applications
Robotics and Control Systems
Signal Processing and Analysis
Transportation
Cryptocurrency
Predictive models
Blockchains
Online banking
Market research
Forecasting
Analytical models
Pricing
Machine learning
Sentiment analysis
Long short term memory
price prediction
machine learning
technical analysis
sentiment
bullish
bearish
candlestick
Bi-LSTM
GRU
Language
ISSN
2169-3536
Abstract
Cryptocurrencies, recognized by their extreme volatility due to dependency on multiple direct and indirect factors, offer a significant challenge regarding precise price forecasting. This uncertainty has led to investment hesitation within the digital currency market. Previous research attempts have presented methodologies for price forecasting and trend prediction in cryptocurrencies. However, these forecasts have typically suffered from increased error rates, leaving the opportunity for improvement in this field. Furthermore, the influence of sentiment-based factors could compromise the reliability of price predictions. In this research, we have proposed a machine learning-driven framework that provides precise cryptocurrency price projections and adds an alert mechanism to guide investors. Our fundamental analyzer, Bi-LSTM and GRU hybrid model use historical data of digital currencies to train and reliably anticipate future values. Complementing this, a sentiment analyzer, utilizing a BERT and VADER hybrid model, analyzes sentiments to assess the forecast price as trustworthy or uncertain. Besides assisting investor decision-making, this technique also helps risk management in the dynamic realm of cryptocurrency. Our suggested approach delivers highly precise price predictions with dramatically decreased error rates compared to prior competitive studies. The proposed Bi-LSTM-GRU-BERT-VADER (BLGBV) model is tested for three cryptocurrencies, namely BTC, ETH, and Dogecoin and reports an average root mean square error (RMSE) of 0.0241%, 0.0645%, and 0.0978%, respectively.