Loading [MathJax]/extensions/tex2jax.js

LSTM Based Sentiment Analysis for Cryptocurrency Prediction

Research output: Chapter in book/report/conference proceedingConference contributionResearchpeer review

Authors

  • Xin Huang
  • Wenbin Zhang
  • Xuejiao Tang
  • Mingli Zhang
  • Vasileios Iosifidis

Research Organisations

External Research Organisations

  • University of Maryland Baltimore County
  • McGill University
  • University of Stavanger
  • Guangdong College of Pharmacy
  • University of Southern Queensland
Plum Print visual indicator of research metrics
  • Citations
    • Citation Indexes: 37
  • Captures
    • Readers: 156
see details

Details

Original languageEnglish
Title of host publicationDatabase Systems for Advanced Applications
Subtitle of host publication26th International Conference, DASFAA 2021, Proceedings
EditorsChristian S. Jensen, Ee-Peng Lim, De-Nian Yang, Wang-Chien Lee, Vincent S. Tseng, Vana Kalogeraki, Jen-Wei Huang, Chih-Ya Shen
Place of PublicationCham
PublisherSpringer Science and Business Media Deutschland GmbH
Pages617-621
Number of pages5
ISBN (electronic)978-3-030-73200-4
ISBN (print)9783030731991
Publication statusPublished - 6 Apr 2021
Event26th International Conference on Database Systems for Advanced Applications, DASFAA 2021 - Taipei, Taiwan
Duration: 11 Apr 202114 Apr 2021

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume12683 LNCS
ISSN (Print)0302-9743
ISSN (electronic)1611-3349

Abstract

Recent studies in big data analytics and natural language processing develop automatic techniques in analyzing sentiment in the social media information. In addition, the growing user base of social media and the high volume of posts also provide valuable sentiment information to predict the price fluctuation of the cryptocurrency. This research is directed to predicting the volatile price movement of cryptocurrency by analyzing the sentiment in social media and finding the correlation between them. While previous work has been developed to analyze sentiment in English social media posts, we propose a method to identify the sentiment of the Chinese social media posts from the most popular Chinese social media platform Sina-Weibo. We develop the pipeline to capture Weibo posts, describe the creation of the crypto-specific sentiment dictionary, and propose a long short-term memory (LSTM) based recurrent neural network along with the historical cryptocurrency price movement to predict the price trend for future time frames. The conducted experiments demonstrate the proposed approach outperforms the state of the art auto regressive based model by 18.5% in precision and 15.4% in recall.

ASJC Scopus subject areas

Cite this

LSTM Based Sentiment Analysis for Cryptocurrency Prediction. / Huang, Xin; Zhang, Wenbin; Tang, Xuejiao et al.
Database Systems for Advanced Applications: 26th International Conference, DASFAA 2021, Proceedings. ed. / Christian S. Jensen; Ee-Peng Lim; De-Nian Yang; Wang-Chien Lee; Vincent S. Tseng; Vana Kalogeraki; Jen-Wei Huang; Chih-Ya Shen. Cham: Springer Science and Business Media Deutschland GmbH, 2021. p. 617-621 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12683 LNCS).

Research output: Chapter in book/report/conference proceedingConference contributionResearchpeer review

Huang, X, Zhang, W, Tang, X, Zhang, M, Surbiryala, J, Iosifidis, V, Liu, Z & Zhang, J 2021, LSTM Based Sentiment Analysis for Cryptocurrency Prediction. in CS Jensen, E-P Lim, D-N Yang, W-C Lee, VS Tseng, V Kalogeraki, J-W Huang & C-Y Shen (eds), Database Systems for Advanced Applications: 26th International Conference, DASFAA 2021, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 12683 LNCS, Springer Science and Business Media Deutschland GmbH, Cham, pp. 617-621, 26th International Conference on Database Systems for Advanced Applications, DASFAA 2021, Taipei, Taiwan, 11 Apr 2021. https://doi.org/10.1007/978-3-030-73200-4_47
Huang, X., Zhang, W., Tang, X., Zhang, M., Surbiryala, J., Iosifidis, V., Liu, Z., & Zhang, J. (2021). LSTM Based Sentiment Analysis for Cryptocurrency Prediction. In C. S. Jensen, E.-P. Lim, D.-N. Yang, W.-C. Lee, V. S. Tseng, V. Kalogeraki, J.-W. Huang, & C.-Y. Shen (Eds.), Database Systems for Advanced Applications: 26th International Conference, DASFAA 2021, Proceedings (pp. 617-621). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12683 LNCS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-030-73200-4_47
Huang X, Zhang W, Tang X, Zhang M, Surbiryala J, Iosifidis V et al. LSTM Based Sentiment Analysis for Cryptocurrency Prediction. In Jensen CS, Lim EP, Yang DN, Lee WC, Tseng VS, Kalogeraki V, Huang JW, Shen CY, editors, Database Systems for Advanced Applications: 26th International Conference, DASFAA 2021, Proceedings. Cham: Springer Science and Business Media Deutschland GmbH. 2021. p. 617-621. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/978-3-030-73200-4_47
Huang, Xin ; Zhang, Wenbin ; Tang, Xuejiao et al. / LSTM Based Sentiment Analysis for Cryptocurrency Prediction. Database Systems for Advanced Applications: 26th International Conference, DASFAA 2021, Proceedings. editor / Christian S. Jensen ; Ee-Peng Lim ; De-Nian Yang ; Wang-Chien Lee ; Vincent S. Tseng ; Vana Kalogeraki ; Jen-Wei Huang ; Chih-Ya Shen. Cham : Springer Science and Business Media Deutschland GmbH, 2021. pp. 617-621 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).
Download
@inproceedings{1a23ff8c45b447358c3c2b967cda4144,
title = "LSTM Based Sentiment Analysis for Cryptocurrency Prediction",
abstract = "Recent studies in big data analytics and natural language processing develop automatic techniques in analyzing sentiment in the social media information. In addition, the growing user base of social media and the high volume of posts also provide valuable sentiment information to predict the price fluctuation of the cryptocurrency. This research is directed to predicting the volatile price movement of cryptocurrency by analyzing the sentiment in social media and finding the correlation between them. While previous work has been developed to analyze sentiment in English social media posts, we propose a method to identify the sentiment of the Chinese social media posts from the most popular Chinese social media platform Sina-Weibo. We develop the pipeline to capture Weibo posts, describe the creation of the crypto-specific sentiment dictionary, and propose a long short-term memory (LSTM) based recurrent neural network along with the historical cryptocurrency price movement to predict the price trend for future time frames. The conducted experiments demonstrate the proposed approach outperforms the state of the art auto regressive based model by 18.5% in precision and 15.4% in recall.",
author = "Xin Huang and Wenbin Zhang and Xuejiao Tang and Mingli Zhang and Jayachander Surbiryala and Vasileios Iosifidis and Zhen Liu and Ji Zhang",
year = "2021",
month = apr,
day = "6",
doi = "10.1007/978-3-030-73200-4_47",
language = "English",
isbn = "9783030731991",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "617--621",
editor = "Jensen, {Christian S.} and Ee-Peng Lim and De-Nian Yang and Wang-Chien Lee and Tseng, {Vincent S.} and Vana Kalogeraki and Jen-Wei Huang and Chih-Ya Shen",
booktitle = "Database Systems for Advanced Applications",
address = "Germany",
note = "26th International Conference on Database Systems for Advanced Applications, DASFAA 2021 ; Conference date: 11-04-2021 Through 14-04-2021",

}

Download

TY - GEN

T1 - LSTM Based Sentiment Analysis for Cryptocurrency Prediction

AU - Huang, Xin

AU - Zhang, Wenbin

AU - Tang, Xuejiao

AU - Zhang, Mingli

AU - Surbiryala, Jayachander

AU - Iosifidis, Vasileios

AU - Liu, Zhen

AU - Zhang, Ji

PY - 2021/4/6

Y1 - 2021/4/6

N2 - Recent studies in big data analytics and natural language processing develop automatic techniques in analyzing sentiment in the social media information. In addition, the growing user base of social media and the high volume of posts also provide valuable sentiment information to predict the price fluctuation of the cryptocurrency. This research is directed to predicting the volatile price movement of cryptocurrency by analyzing the sentiment in social media and finding the correlation between them. While previous work has been developed to analyze sentiment in English social media posts, we propose a method to identify the sentiment of the Chinese social media posts from the most popular Chinese social media platform Sina-Weibo. We develop the pipeline to capture Weibo posts, describe the creation of the crypto-specific sentiment dictionary, and propose a long short-term memory (LSTM) based recurrent neural network along with the historical cryptocurrency price movement to predict the price trend for future time frames. The conducted experiments demonstrate the proposed approach outperforms the state of the art auto regressive based model by 18.5% in precision and 15.4% in recall.

AB - Recent studies in big data analytics and natural language processing develop automatic techniques in analyzing sentiment in the social media information. In addition, the growing user base of social media and the high volume of posts also provide valuable sentiment information to predict the price fluctuation of the cryptocurrency. This research is directed to predicting the volatile price movement of cryptocurrency by analyzing the sentiment in social media and finding the correlation between them. While previous work has been developed to analyze sentiment in English social media posts, we propose a method to identify the sentiment of the Chinese social media posts from the most popular Chinese social media platform Sina-Weibo. We develop the pipeline to capture Weibo posts, describe the creation of the crypto-specific sentiment dictionary, and propose a long short-term memory (LSTM) based recurrent neural network along with the historical cryptocurrency price movement to predict the price trend for future time frames. The conducted experiments demonstrate the proposed approach outperforms the state of the art auto regressive based model by 18.5% in precision and 15.4% in recall.

UR - http://www.scopus.com/inward/record.url?scp=85104727052&partnerID=8YFLogxK

U2 - 10.1007/978-3-030-73200-4_47

DO - 10.1007/978-3-030-73200-4_47

M3 - Conference contribution

AN - SCOPUS:85104727052

SN - 9783030731991

T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

SP - 617

EP - 621

BT - Database Systems for Advanced Applications

A2 - Jensen, Christian S.

A2 - Lim, Ee-Peng

A2 - Yang, De-Nian

A2 - Lee, Wang-Chien

A2 - Tseng, Vincent S.

A2 - Kalogeraki, Vana

A2 - Huang, Jen-Wei

A2 - Shen, Chih-Ya

PB - Springer Science and Business Media Deutschland GmbH

CY - Cham

T2 - 26th International Conference on Database Systems for Advanced Applications, DASFAA 2021

Y2 - 11 April 2021 through 14 April 2021

ER -