A Research: Investigation of Financial Applications with Blockchain Technology

Year 2024, Volume: 11 Issue: 1, 33 - 40, 31.03.2024

Mohammed Ali Mohammed Mohammed , Fuat Türk

https://doi.org/10.17350/HJSE19030000329

Abstract

Cryptocurrencies have revolutionized the financial landscape by providing decentralized and anonymous payment systems, making them an intriguing subject for investors and researchers. This article delves into applying machine learning techniques for predicting cryptocurrency prices, mainly focusing on Bitcoin, Ethereum, and Binance Coin. Employing a range of machine learning models, including XGBoost, Linear Regression, and Gaussian Processes, the study aims to evaluate their predictive performance comprehensively. The results are promising; our models outperform existing studies, achieving impressively low RMSE values of 0.0040 for Bitcoin, 0.028 for Ethereum, and 0.027 for Binance Coin. These findings contribute valuable insights into the volatility and dynamics of cryptocurrency prices and underscore the potential of machine learning in shaping financial decision-making. Future directions include integrating advanced deep learning models, additional data sources, and ensemble methods to enhance prediction accuracy and robustness.

Keywords

Cryptocurrencies, Machine Learning, Price Prediction, Bitcoin, Ethereum, Binance Coin

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