A Research: Investigation of Financial Applications with Blockchain Technology

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...

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Main Authors: Mohammed Ali Mohammed Mohammed, Fuat Türk
Format: Article
Language:English
Published: Hitit University 2024-03-01
Series:Hittite Journal of Science and Engineering
Online Access:https://dergipark.org.tr/en/doi/10.17350/HJSE19030000329
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author Mohammed Ali Mohammed Mohammed
Fuat Türk
author_facet Mohammed Ali Mohammed Mohammed
Fuat Türk
author_sort Mohammed Ali Mohammed Mohammed
collection DOAJ
description 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.
format Article
id doaj-art-357d3e5f01c64fc4a8b96a58fa316188
institution Kabale University
issn 2148-4171
language English
publishDate 2024-03-01
publisher Hitit University
record_format Article
series Hittite Journal of Science and Engineering
spelling doaj-art-357d3e5f01c64fc4a8b96a58fa3161882025-01-12T07:13:55ZengHitit UniversityHittite Journal of Science and Engineering2148-41712024-03-01111334010.17350/HJSE19030000329150 A Research: Investigation of Financial Applications with Blockchain Technology Mohammed Ali Mohammed Mohammed0https://orcid.org/0009-0003-5492-8859Fuat Türk1https://orcid.org/0000-0001-8159-360XCANKIRI KARATEKIN UNIVERSITYKIRIKKALE ÜNİVERSİTESİ 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.https://dergipark.org.tr/en/doi/10.17350/HJSE19030000329
spellingShingle Mohammed Ali Mohammed Mohammed
Fuat Türk
A Research: Investigation of Financial Applications with Blockchain Technology
Hittite Journal of Science and Engineering
title A Research: Investigation of Financial Applications with Blockchain Technology
title_full A Research: Investigation of Financial Applications with Blockchain Technology
title_fullStr A Research: Investigation of Financial Applications with Blockchain Technology
title_full_unstemmed A Research: Investigation of Financial Applications with Blockchain Technology
title_short A Research: Investigation of Financial Applications with Blockchain Technology
title_sort research investigation of financial applications with blockchain technology
url https://dergipark.org.tr/en/doi/10.17350/HJSE19030000329
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