A Random Forest Approach to Navigating Cryptocurrency Market Fluctuations

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Year : August 16, 2024 at 5:45 pm | [if 1553 equals=””] Volume :15 [else] Volume :15[/if 1553] | [if 424 equals=”Regular Issue”]Issue[/if 424][if 424 equals=”Special Issue”]Special Issue[/if 424] [if 424 equals=”Conference”][/if 424] : 02 | Page : 7-11

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Saurabh Parhad, Shreyas Dumbre, Priyanshu Agrawal, Prasad Mete, Vivek Mule,

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  1. Student,, Student,, Student,, Student,, Student, RMD Sinhgad School of Engineering, RMD Sinhgad School of Engineering, RMD Sinhgad School of Engineering, RMD Sinhgad School of Engineering, RMD Sinhgad School of Engineering Maharashtra, Maharashtra, Maharashtra, Maharashtra, Maharashtra India, India, India, India, India
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Abstract

nThis study looks at the main elements influencing daily price variations to improve our analysis and prediction of Bitcoin values. Our forecasting algorithm is based on comprehensive data that we have collected and analyzed over the last few years. Because the Random Forest algorithm provides more accurate forecasts than previous techniques, that is why we chose it. Predicting the price swings of cryptocurrencies, like Bitcoin, can be challenging due to market volatility, despite their increasing popularity as investments due to their decentralized nature and high return potential. Our method assists in addressing these challenges by providing investors, both novice and seasoned, with improved instruments to predict price fluctuations and make more informed investment choices.

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Keywords: : Bitcoin, cryptocurrency, data analysis, random forest algorithm, machine learning

n[if 424 equals=”Regular Issue”][This article belongs to Journal of Electronic Design Technology(joedt)]

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[/if 424][if 424 equals=”Special Issue”][This article belongs to Special Issue under section in Journal of Electronic Design Technology(joedt)][/if 424][if 424 equals=”Conference”]This article belongs to Conference [/if 424]

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How to cite this article: Saurabh Parhad, Shreyas Dumbre, Priyanshu Agrawal, Prasad Mete, Vivek Mule. A Random Forest Approach to Navigating Cryptocurrency Market Fluctuations. Journal of Electronic Design Technology. August 16, 2024; 15(02):7-11.

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How to cite this URL: Saurabh Parhad, Shreyas Dumbre, Priyanshu Agrawal, Prasad Mete, Vivek Mule. A Random Forest Approach to Navigating Cryptocurrency Market Fluctuations. Journal of Electronic Design Technology. August 16, 2024; 15(02):7-11. Available from: https://journals.stmjournals.com/joedt/article=August 16, 2024/view=0

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References

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  1. Shah and K. Zhang, “Bayesian regression and Bitcoin,” in 52nd Annual Allerton Conference on Communication, Control, and Computing (Allerton),2015 , pp. 409-415.
  2. Huisu Jang and Jaewook Lee, “An Empirical Study on Modelling and Prediction of Bitcoin Prices with Bayesian Neural Networks based on Blockchain Information,” in IEEE Early Access Articles, 2017, vol.99, pp. 1-1.
  3. Andrade de Oliveira, L. Enrique Zárate and M. deAzevedo Reis; C. NeriNobre, “The use of artificialneural networks in the analysis and prediction of stock prices,” in IEEE International Conference on Systems, Man, and Cybernetics, 2011, pp. 2151-2155.
  4. Daniela and A. BUTOI, “Data mining on Romanian stock market using neural networks for price prediction”.informatica Economica, 17,2013..
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  6. XiangxiJiang,”Bitcoin Price Prediction Based on Deep Learning Methods”,Journal of Mathematical Finance, 2020, 10, 132-139.
  7. Yogeshwaran,Maninder Jeet Kaur,Piyush Maheshwari,“Project Based Learning: Predicting Bitcoin Prices using Deep Learning”, 978- 1-5386-9506-7/19/$31.00 ©2019 IEEE.
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[if 424 not_equal=””]Regular Issue[else]Published[/if 424] Subscription Original Research

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Volume 15
[if 424 equals=”Regular Issue”]Issue[/if 424][if 424 equals=”Special Issue”]Special Issue[/if 424] [if 424 equals=”Conference”][/if 424] 02
Received July 26, 2024
Accepted July 31, 2024
Published August 16, 2024

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