Issue |
E3S Web Conf.
Volume 453, 2023
International Conference on Sustainable Development Goals (ICSDG 2023)
|
|
---|---|---|
Article Number | 01043 | |
Number of page(s) | 13 | |
DOI | https://doi.org/10.1051/e3sconf/202345301043 | |
Published online | 30 November 2023 |
Unveiling Ethereum’s Future: LSTM-Based Price Prediction and a Systematic Blockchain Analysis
1 School of Computer Science and Engineering, Lovely Professional University, Punjab, India
2 Department of Computer Science and Engineering, Gurukul Kangri Deemed to be University, Haridwar, India
* Corresponding author: mir.salim27@gmail.com
Cryptocurrency has emerged as a revolutionary innovation that has been replacing traditional finances and enthralling the worldwide technology landscape. This has gained a lot of popularity worldwide for its potential to enable peer-to-peer transactions and offer opportunities for investment and novelty. Nevertheless, it gives rise to issues concerning regulatory adherence, instability, and security apprehensions, turning them into a topic of continuous evaluation and investigation within the fields of finance and technology. This research paper presents a comprehensive exploration of the historical evolution of “Ethereum” as one of the leading blockchain platforms, with a primary focus on price prediction using a long-short-term memory (LSTM) machine learning model. The study includes various critical aspects of Ethereum, starting from its historical evolution to its potential future scope in scaling solutions and payments, and also covering the insights of Ethereum’s tokenomics, utility, and beyond. In addition, the methodology involves using the LSTM model to analyze data from Ethereum. The accuracy of price predictions is assessed by evaluating error metrics and further improved by visualizing the data through graphs that show indicators. This paper gives an in-depth perspective for anyone who is seeking a holistic understanding of cryptocurrencies, mainly concentrated on Ethereum, and also provides valuable guidance to investors, developers, and enthusiasts, encouraging them to make knowledgeable decisions in the everchanging blockchain ecosystem.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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