A Bayesian Regularized Neural Network for Analyzing Bitcoin Trends

Bitcoin is a decentralized digital currency without a central bank or single administrator sent from user to user on the peer-to-peer bitcoin blockchain network without intermediaries' need. In this Bitcoin trend analysis work, initial attributes are considered from five sectors based on financ...

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Bibliographic Details
Main Authors: R. Sujatha, V. Mareeswari, Jyotir Moy Chatterjee, Abd Allah A. Mousa, Aboul Ella Hassanien
Format: Article
Language:English
Published: IEEE 2021-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/9366736/
Description
Summary:Bitcoin is a decentralized digital currency without a central bank or single administrator sent from user to user on the peer-to-peer bitcoin blockchain network without intermediaries' need. In this Bitcoin trend analysis work, initial attributes are considered from five sectors based on financial, social, token, network, and that count to thirteen attributes. The thirteen attributes considered are price, volume, market cap, a mean dollar invested age, social volume, social dominance, development activity, transaction volume, token age consumed, token velocity, token circulation, market value to realized value, and realized cap. We apply the attribute selection and trend analysis mapped with potential seven attributes: Price, Volume, Market Cap, Social Dominance, Development Activity, Market Value to Realized Value & Realized Cap. We have conducted Nonlinear Autoregressive with External Input analysis considering seven attributes. The work employed three training algorithms to train a neural network as Levenberg-Marquard, Bayesian Regularization, and Scaled Conjugate Gradient algorithm. The Error histogram and regression plots results indicate that the Bayesian Regularized Neural Network is showing good performance and thus provides a better forecast.
ISSN:2169-3536