{"title":"COVID-19大流行是否影响了以太币市场?感知与分析","authors":"P. Mithillesh Kumar, R. Jeyanthi, K. Deepa","doi":"10.1109/BHARAT53139.2022.00024","DOIUrl":null,"url":null,"abstract":"In recent days, DeFi tokens have gained popularity as an investment option in the pandemic period and has gained a significant amount of investment. Cryptocurrency trading is a type of DeFi that has gained a lot of attention in the global market. The value of such currencies is increasing on a daily basis and peaked during the pandemic. One of these significant cryptocurrencies is the ether cryptocurrency, which ranks second only to the bitcoin cryptocurrency in terms of the value of a single coin. The ARIMA model will be used to forecast the price of ether. In this paper, an hourly forecast and a short term period forecast are performed. The forecast clearly shows that the ARIMA model performed better on log transformed data than on the original data. It’s also evident that COVID-19 pandemic has also aided the growth of ethereum when compared to previous year.","PeriodicalId":426921,"journal":{"name":"2022 International Conference on Breakthrough in Heuristics And Reciprocation of Advanced Technologies (BHARAT)","volume":"169 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Did COVID-19 Pandemic Influence the Ether Cryptocurrency Market? Perception and Analysis\",\"authors\":\"P. Mithillesh Kumar, R. Jeyanthi, K. Deepa\",\"doi\":\"10.1109/BHARAT53139.2022.00024\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In recent days, DeFi tokens have gained popularity as an investment option in the pandemic period and has gained a significant amount of investment. Cryptocurrency trading is a type of DeFi that has gained a lot of attention in the global market. The value of such currencies is increasing on a daily basis and peaked during the pandemic. One of these significant cryptocurrencies is the ether cryptocurrency, which ranks second only to the bitcoin cryptocurrency in terms of the value of a single coin. The ARIMA model will be used to forecast the price of ether. In this paper, an hourly forecast and a short term period forecast are performed. The forecast clearly shows that the ARIMA model performed better on log transformed data than on the original data. It’s also evident that COVID-19 pandemic has also aided the growth of ethereum when compared to previous year.\",\"PeriodicalId\":426921,\"journal\":{\"name\":\"2022 International Conference on Breakthrough in Heuristics And Reciprocation of Advanced Technologies (BHARAT)\",\"volume\":\"169 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2022-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"2022 International Conference on Breakthrough in Heuristics And Reciprocation of Advanced Technologies (BHARAT)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/BHARAT53139.2022.00024\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"2022 International Conference on Breakthrough in Heuristics And Reciprocation of Advanced Technologies (BHARAT)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/BHARAT53139.2022.00024","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Did COVID-19 Pandemic Influence the Ether Cryptocurrency Market? Perception and Analysis
In recent days, DeFi tokens have gained popularity as an investment option in the pandemic period and has gained a significant amount of investment. Cryptocurrency trading is a type of DeFi that has gained a lot of attention in the global market. The value of such currencies is increasing on a daily basis and peaked during the pandemic. One of these significant cryptocurrencies is the ether cryptocurrency, which ranks second only to the bitcoin cryptocurrency in terms of the value of a single coin. The ARIMA model will be used to forecast the price of ether. In this paper, an hourly forecast and a short term period forecast are performed. The forecast clearly shows that the ARIMA model performed better on log transformed data than on the original data. It’s also evident that COVID-19 pandemic has also aided the growth of ethereum when compared to previous year.