Abstract

The price of cryptocurrencies such as Ethereum often experiences high fluctuations and is difficult to predict. This study aims to predict Ethereum prices using the Extreme Learning Machine (ELM) algorithm which is a fast and efficient machine learning method. Ethereum price data is collected from CoinMarketCap by scraping the data using CoinmarketCap Scraper from the cryptocmd library using Python. An ELM model is built by changing the number of hidden nodes to determine the optimal prediction model of Ethereum prices based on the smallest average MAPE. Model performance was evaluated using the mean absolute percentage error (MAPE) on the test data set. The results show that the ELM model built can predict Ethereum prices with an accuracy of 96.96%. The MAPE obtained is 3.035334%, with 9 hidden nodes in the ELM network architecture model that was built. This shows that the model can explain about 96.96% of the variation in Ethereum price data. Therefore, the ELM model can be used as an aid in making investment decisions

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