Young Scientist entrants use AI to predict cryptocurrency values

The extent to which classmates and teachers were investing in cryptocurrencies prompted Taha Fareed and Jevin Joy from Coláiste Phádraig in Lucan, Co Dublin, to develop their own computer model using artificial intelligence to predict future cryptocurrency values.

Having taught themselves about machine learning and algorithms with the help of video tutorials, the 15-year-olds are about to launch a website where the public can use their model to predict the course of their investments.

Cryptocurrencies, which allow payments to be made electronically, may not yet be the dominant form of financial transaction, but this may soon change as they can be safer in avoiding fraud, according to Jevin – although people are often scared by their fluctuations in value.

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