A Survey on Machine Learning Approaches in Cryptocurrency: Challenges and Opportunities

Abstract

Blockchain research is now heavily centred on cryptocurrency, which has drawn the attention of financial academics. The availability of numerous types of data and a wealth of resources in bitcoin research facilitates the application of machine learning algorithms. However, a through analysis and a complete study of machine learning-based cryptocurrencies need further research. Cryptocurrency price prediction is the most pertinent research topic and the algorithms being used in cryptocurrency research are not unique. Various researcher are using combination of multiple machine learning algorithms. Therefore, in this study, the research related to cryptocurrency price prediction using machine learning is summarized along with prominent research challenges related to application of machine learning algorithms in cryptocurrency.