Predicting fluctuations in cryptocurrency transactions based on user comments and replies

Young Bin Kim; Jun Gi Kim; Wook Kim; Jae Ho Im; Tae Hyeong Kim; Shin Jin Kang; Chang Hun Kim

doi:10.1371/journal.pone.0161197

Predicting fluctuations in cryptocurrency transactions based on user comments and replies

Young Bin Kim, Jun Gi Kim, Wook Kim, Jae Ho Im, Tae Hyeong Kim, Shin Jin Kang, Chang Hun Kim

Department of Computer Science and Engineering

Research output: Contribution to journal › Article › peer-review

147 Citations (Scopus)

Abstract

This paper proposes a method to predict fluctuations in the prices of cryptocurrencies, which are increasingly used for online transactions worldwide. Little research has been conducted on predicting fluctuations in the price and number of transactions of a variety of cryptocurrencies. Moreover, the few methods proposed to predict fluctuation in currency prices are inefficient because they fail to take into account the differences in attributes between real currencies and cryptocurrencies. This paper analyzes user comments in online cryptocurrency communities to predict fluctuations in the prices of cryptocurrencies and the number of transactions. By focusing on three cryptocurrencies, each with a large market size and user base, this paper attempts to predict such fluctuations by using a simple and efficient method.

Original language	English
Article number	e0161197
Journal	PloS one
Volume	11
Issue number	8
DOIs	https://doi.org/10.1371/journal.pone.0161197
Publication status	Published - 2016 Aug

ASJC Scopus subject areas

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Predicting fluctuations in cryptocurrency transactions based on user comments and replies

Abstract

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