Simple Fuzzy Decision Support Model for Evaluating the Cryptocurrency’s Performance

Abstract

Evaluation of cryptocurrency’s performance is performed questionably. There is no role for computer-model, make such an evaluation process does not have guidance. In this study, a simple decision support model (DSM) based on fuzzy logic was academically constructed to observe the cryptocurrency’s performance. By operating the primary method of fuzzy logic and taking into account three types of parameters (i.e. time-series close price data, daily max-min price, and transaction number), a novel DSM for evaluating the cryptocurrency’s performance was fruitfully executed. Based on three types of real cryptocurrency six-month data (i.e. Bitcoin Ethereum, and Dogecoin), the model could irreversibly expose that Bitcoin has the best performance with 36.39 performance points.