Utilizing RNN for Real-time Cryptocurrency Price Prediction and Trading Strategy Optimization
Abstract
This study explores the use of Recurrent Neural Networks (RNN) for real-time cryptocurrency price prediction and optimized trading strategies. Given the high volatility of the cryptocurrency market, traditional forecasting models often fall short. By leveraging RNNs' capability to capture long-term patterns in time-series data, this research aims to improve accuracy in price prediction and develop effective trading strategies. The project follows a structured approach involving data collection, preprocessing, and model refinement, followed by rigorous backtesting for profitability and risk assessment. This work contributes to both the academic and practical fields by providing a robust predictive model and optimized trading strategies that address the challenges of cryptocurrency trading.
Keywords
Cite
@article{arxiv.2411.05829,
title = {Utilizing RNN for Real-time Cryptocurrency Price Prediction and Trading Strategy Optimization},
author = {Shamima Nasrin Tumpa and Kehelwala Dewage Gayan Maduranga},
journal= {arXiv preprint arXiv:2411.05829},
year = {2024}
}
Comments
10 pages, 16 figures, 1 table