Cryptocurrency Price Predictions Using High Performance Computing

Digital currency has recently gained popularity as it has become increasingly dependent on computers and the Internet. New forms of currency have been constantly evolving over the past few years, namely cryptocurrency. Virtual forms of currency have open new doors within the software industry in finance, data storage, and data collection. Cryptocurrency (crypto) is very volatile in terms of market value, which carries a host of unknowns that make it difficult to predict and analyze the future prices of crypto. However, cryptocurrency behaves similarly to stocks, which allows for the use of linear regression models to make predictions about price levels. With the ability to predict crypto prices, one can make a prediction for crypto stocks since the popular coin, Bitcoin, affects stock prices. This paper will discuss the use of two types of linear regression models, least squares and auto regression, as well as predictors such as social media and economic data to calculate the volatility of a given cryptocurrency and its prices. Using high performance computing techniques will allow regression models to predict relatively accurate crypto prices and past available cryptocurrency price data will be used to verify our results