Predicting Cryptocurrencies Prices with Neural Networks

Abstract

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger.Neural Networks field has many techniques to perform predictions. They are widely used to predict the future values of stock exchange indicators variables. In this paper we will try to use Artificial Neural Network to predict cryptocurrencies close prices, and we’ll study the difference in price change with the normal stock exchanges.