{"title":"The Future of Cryptocurrency Market Analysis: Social Media Data and User Meta-Data","authors":"Samyak Jain, Sarthak Johari, Radhakrishnan Delhibabu","doi":"10.1134/s1995080224600717","DOIUrl":null,"url":null,"abstract":"<h3 data-test=\"abstract-sub-heading\">Abstract</h3><p>Cryptocurrency is a form of digital currency using cryptographic techniques in a decentralized system for secure peer-to-peer transactions. It is gaining much popularity over traditional methods of payment because it facilitates very fast, easy, and secure transactions. Social media is a significant influence, but it is also very volatile and subject to a variety of other factors. Thus, with over four billion active users on social media, we need to understand its influence on the crypto market and how it can lead to fluctuations in the values of these cryptocurrencies. In our work, we analyze the influence of activities on Twitter, in particular the sentiments of the tweets posted regarding cryptocurrencies and how they influence their prices. In addition, we also collect metadata related to tweets and users. We try to leverage these features to predict the price of cryptocurrency, for which we use some regression-based models and an LSTM-based model.</p>","PeriodicalId":46135,"journal":{"name":"Lobachevskii Journal of Mathematics","volume":"21 1","pages":""},"PeriodicalIF":0.8000,"publicationDate":"2024-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Lobachevskii Journal of Mathematics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1134/s1995080224600717","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"MATHEMATICS","Score":null,"Total":0}
引用次数: 0
Abstract
Cryptocurrency is a form of digital currency using cryptographic techniques in a decentralized system for secure peer-to-peer transactions. It is gaining much popularity over traditional methods of payment because it facilitates very fast, easy, and secure transactions. Social media is a significant influence, but it is also very volatile and subject to a variety of other factors. Thus, with over four billion active users on social media, we need to understand its influence on the crypto market and how it can lead to fluctuations in the values of these cryptocurrencies. In our work, we analyze the influence of activities on Twitter, in particular the sentiments of the tweets posted regarding cryptocurrencies and how they influence their prices. In addition, we also collect metadata related to tweets and users. We try to leverage these features to predict the price of cryptocurrency, for which we use some regression-based models and an LSTM-based model.
期刊介绍:
Lobachevskii Journal of Mathematics is an international peer reviewed journal published in collaboration with the Russian Academy of Sciences and Kazan Federal University. The journal covers mathematical topics associated with the name of famous Russian mathematician Nikolai Lobachevsky (Lobachevskii). The journal publishes research articles on geometry and topology, algebra, complex analysis, functional analysis, differential equations and mathematical physics, probability theory and stochastic processes, computational mathematics, mathematical modeling, numerical methods and program complexes, computer science, optimal control, and theory of algorithms as well as applied mathematics. The journal welcomes manuscripts from all countries in the English language.