Predict the Future Value of Crypto Coins with Fine-tuned Time Series Forecasting Models
Author: Eivind Kjosbakken
Originally published on Towards AI
Downloading Data
If you want to keep it simple, you can download this Bitcoin dataset online, which I will use for the rest of the article. If you use this data, you can jump directly to the next section. However, if you want to download your own data, you can follow the steps below.
Making the Training and Evaluation Dataset
I will be downloading data for the AAVE coin. This is a smaller coin, and I was not able to find a quality dataset online. I, therefore, downloaded my own dataset with the CCXT library.
Setting up Chronos Time-series Forecasting Model
In this article, I will show you how you can use time series forecasting to predict the future price of a cryptocurrency coin. I will then move into the more advanced topic of fine-tuning the forecasting model for a specific coin in order to improve prediction quality.
Evaluate the Base Chronos Model
Predict future cryptocurrency prices using fine-tuned time series forecasting models. Image by ChatGPT.
Fine-tune Chronos Model
Note that the contents of this article are not financial advice, and you should use the code at your own risk.
Evaluate Fine-tuned Model
Conclusion
In this article, I have shown you how you can use time series forecasting to predict the future price of a cryptocurrency coin and fine-tune the forecasting model for a specific coin in order to improve prediction quality.
Frequently Asked Questions
- How do I download the data?
You can download the data online or use a library like CCXT to download your own dataset. - Is this article financial advice?
No, this article is not financial advice, and you should use the code at your own risk. - Can I use this for other coins?
Yes, you can use this method for other coins, but you may need to fine-tune the model for each coin separately.
