Performance Scrutiny of Price Prediction on Blockchain Technology Using Machine Learning

Abstract

Objective: This study, aiming to assess the accurateness of machine learning algorithms for the prediction of cryptocurrency prices, using blockchain technology, was conducted to attest to its effectiveness. The main goal is to evaluate the precision, solidity, and prospects of such models under variable and fragmented trading premises. Methodology: Dataset containing historical crypto prices, transaction volumes, emotions of investors, etc. is formed from different and various sources. Different machine learning approaches including linear regression, support vector machine, random forest, and deep learning networks will be used to construct the prediction model. The split of the dataset into training and testing subsets is performed to better evaluate and estimate the models' performance. Feature engineering techniques and parameter tuning are included in the process of making models more precise. Models are the ones which are the trained using historical data and then later tested out on the unseen data for the purpose of accurate results and generalization power. Results and Discussion: From the experiment it is evident that a shift of different machine learning algorithms exhibits differing outcomes. While certain models can yield admirable results in forecasting crypto prices in shorter terms, however, there are some models that are not capable of capturing the complicated impurities. Factors like data quality, function selection and model complexity are at the core of predictive power. The learning networks demonstrated the capability to reproduce nonlinearity and temporal relatedness in cryptocurrency value data. Conclusion: Cryptocurrency forecasting through blockchain technology involves the use of machine learning techniques which has a lot of potential. The success of these models also depends on the quality of the data, feature refinement and model choice. Research progress should focus on refining currently existing models, considering new data inputs, and introduction of advanced machine learning methods which should be able to increase forecast accuracy in rapidly changing cryptocurrency markets.