Forecasting Price of Cryptocurrencies Using Tweets Sentiment Analysis

Abstract

The problem is to find a method to predict the two-hour price of cryptocurrencies on the basis of the Social Factors, which are increasingly used for online transactions worldwide. The few previous methods proposed to predict price of cryptocurrency are inefficient because they fail to take into consideration the differences in the attributes between real currencies and cryptocurrencies. In this paper, we focus on two cryptocurrencies, namely Bitcoin and Litecoin, each with a large market size and user base, and attempt to predict their future prices using multi-linear regression model.