Jurnal Sisfokom (Sistem Informasi dan Komputer)
Vol 12, No 1 (2023): MARET

Predicting Cryptocurrency Price Using RNN and LSTM Method

Dzaki Mahadika Gunarto (Telkom University)
Siti Sa'adah (Telkom University)
Dody Qori Utama (Telkom University)



Article Info

Publish Date
09 Mar 2023

Abstract

Cryptocurrency price prediction is a crucial task for financial investors as it helps determine appropriate investment strategies and mitigate risk. In recent years, deep learning methods have shown promise in predicting time-series data, making them a viable approach for cryptocurrency price prediction. In this study, we compare the effectiveness of two deep learning techniques, the Recurrent Neural Network (RNN) and Long-Short Term Memory (LSTM), in predicting the prices of Bitcoin and Ethereum. Results of this research show that the LSTM method outperformed the RNN method, obtaining lower Root Mean Squared Error (RMSE) and Mean Absolute Percentage Error (MAPE) values for predicting both cryptocurrencies. Bitcoin and Ethereum. Specifically, the LSTM model had a RMSE of 0.061 and MAPE of 5.66% for predicting Bitcoin, and a RMSE of 0.036 and MAPE of 4.58% for predicting Ethereum. In this research, we found that the LSTM model is a more effective method for predicting cryptocurrency prices than the RNN model.

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Journal Info

Abbrev

sisfokom

Publisher

Subject

Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management

Description

Jurnal Sisfokom merupakan singkatan dari Jurnal Sistem Informasi dan Komputer. Jurnal ini merupakan kolaborasi antara sivitas akademika STMIK Atma Luhur dengan perguruan tinggi maupun universitas di Indonesia. Jurnal ini berisi artikel ilmiah dari peneliti, akademisi, serta para pemerhati TI. Jurnal ...