Perspectives of Cryptocurrency Price Prediction

Cryptocurrency is a relatively young research field. Since its development, when Bitcoin was lanced (2008) (Satoshi, N.: Bitcoin: A Peer-to-Peer Electronic Cash System (2008)), until today it become a highly volatile market with more than 9 thousand types of cryptocurrencies (CoinMarketCap: preturile criptomonedelor de ast azi in functie de capitalizare de piata (2021)). In latest years several algorithms and techniques have been developed in order to predict the cryptocurrency price evolution. However, a general classification of the available methods has not been proposed yet. For these reasons, in this paper the main ideas underlying cryptocurrency price forecasting are presented and compared. In the first part of the paper is presented the general framework of cryptocurrency development, namely Blockchain Technology and e-Business social environment. In the second part several techniques for cryptocurrency price prediction are presented and their main characteristics are discussed. The last section concludes.