A new approach to predicting cryptocurrency returns based on the gold prices with support vector machines during the COVID-19 pandemic using sensor-related data
المؤلف | Mahdi, Esam |
المؤلف | Leiva, Victor |
المؤلف | Mara'Beh, Saed |
المؤلف | Martin-Barreiro, Carlos |
تاريخ الإتاحة | 2023-12-06T09:34:56Z |
تاريخ النشر | 2021 |
اسم المنشور | Sensors |
المصدر | Scopus |
الرقم المعياري الدولي للكتاب | 14248220 |
الملخص | In a real-world situation produced under COVID-19 scenarios, predicting cryptocurrency returns accurately can be challenging. Such a prediction may be helpful to the daily economic and financial market. Unlike forecasting the cryptocurrency returns, we propose a new approach to predict whether the return classification would be in the first, second, third quartile, or any quantile of the gold price the next day. In this paper, we employ the support vector machine (SVM) algorithm for exploring the predictability of financial returns for the six major digital currencies selected from the list of top ten cryptocurrencies based on data collected through sensors. These currencies are Binance Coin, Bitcoin, Cardano, Dogecoin, Ethereum, and Ripple. Our study considers the pre-COVID-19 and ongoing COVID-19 periods. An algorithm that allows updated data analysis, based on the use of a sensor in the database, is also proposed. The results show strong evidence that the SVM is a robust technique for devising profitable trading strategies and can provide accurate results before and during the current pandemic. Our findings may be helpful for different stakeholders in understanding the cryptocurrency dynamics and in making better investment decisions, especially under adverse conditions and during times of uncertain environments such as in the COVID-19 pandemic. |
راعي المشروع | This research was partially supported by FONDECYT, project grant number 1200525 (V.L.), from the National Agency for Research and Development (ANID) of the Chilean government under the Ministry of Science, Technology, Knowledge and Innovation. |
اللغة | en |
الناشر | MDPI |
الموضوع | Artificial intelligence Data science Digital currency Gold Machine learning SARS-CoV-2 Sensing and data extraction |
النوع | Article |
رقم العدد | 18 |
رقم المجلد | 21 |
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