Global Emerging Innovation Summit (GEIS-2021)

Cryptocurrency Price Prediction Using FB Prophet Model

Author(s): Kanksha* and Harjit Singh

Pp: 254-259 (6)

DOI: 10.2174/9781681089010121010032


A new method encountered for securing cryptocurrency i.e cryptographic algorithms for example Secure Hash Algorithm (SHA-2) and Message Digest (MD5). It uses Blockchain technology to make the transactions secure, transparent, traceable, and immutable. This is the reason cryptocurrencies have gained popularity in almost all sectors, especially in the financial sector. Cryptocurrency price prediction has become a trending research topic globally. Many Machine Learning algorithms have been developed such as Linear Regression, SVM, Random forest, and Facebook Prophet. Facebook Prophet is a time-series forecasting model for predicting the future price of bitcoins. In this paper, Facebook prophet Model is used, and two cryptocurrencies are considered, namely Bitcoin and Litecoin. The result depicts that FB prophet Model accurately predicts the prices of bitcoin cryptocurrencies. We considered the data from for BTC-USD and LTC-USD.

Keywords: Bitcoin, Cryptocurrency Price Prediction, Facebook Prophet Model, Hash Algorithm, Litecoin, Machine Learning, Time-series Forecasting Model.

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