New Data Challenge: Deciphering Crypto Trends

Exploring the relationship between Google Trends data and the cryptocurrency market…

Overview

This challenge is not just a platform to showcase one’s data science skills; it’s a gateway to gaining deep insights into one of the most dynamic and rapidly evolving markets. Participants will sharpen their data science expertise by analyzing the relationship between Google Trends data and cryptocurrency prices. They will also contribute to our understanding of how online interest influences financial markets. This knowledge could be a game-changer for investors, businesses, and researchers navigating the complexities of the cryptocurrency landscape. So, join us in this journey of discovery and make a significant impact in the world of data-driven finance!

Objective

Participants will explore the correlation between Google Trends data and cryptocurrency token prices to uncover patterns and draw significant conclusions. Emphasizing the development of predictive models, the challenge asks participants to navigate the complexities of cryptocurrency trading, discovering insights into how public interest influences market trends. This opportunity evaluates participants’ ability to apply data science skills in real-world scenarios and provides a deeper understanding of cryptocurrency market dynamics, extracting insights through exploratory data analysis and advanced machine learning methodologies.

Data

The data provided for the challenge is organized into two main categories: ‘trends’ and ‘prices.’ In the ‘trends’ section, participants will find web search interest data sourced from Google Trends for 20 cryptocurrencies, including Bitcoin, Ethereum, BNB, Solana, XRP, Dogecoin, Cardano, Polkadot, Chainlink, Litecoin, Uniswap, Filecoin, Fetch.ai, Monero, Singularitynet, Kezos, Kucoin, Pancakeswap, Oasis Network, and Ocean Protocol. Meanwhile, the ‘prices’ folder is equally important, containing pricing information and trading volume data for the same set of 20 cryptocurrencies. It’s worth noting that the level of interest for each cryptocurrency is normalized on a scale from 0 (representing the fewest searches) to 100 (reflecting the highest number of searches) over a specific period, ensuring uniformity but not providing a basis for direct comparison between cryptocurrencies.

Mission

Our mission is clear: to explore and understand the relationship between cryptocurrency market trends and public search behaviors. In this challenge, we identify the factors influencing crypto markets through rigorous analysis. We ask participants to create predictive models to forecast token trends and compile detailed reports sharing their insights and discoveries. The contest aims to foster innovation, collaboration, and learning within the data science community while contributing to a deeper understanding of the complex forces driving cryptocurrency markets.

Rewards

We’re dedicated to acknowledging excellence and nurturing talent, so we’ve designed a reward system that celebrates top performers while motivating participants of all skill levels. With a total prize pool of $10,000 distributed among the top 10 participants, our structure brings excitement and competitiveness to the 2024 championship. Not only do the top 10 contenders receive cash rewards, but they also accumulate championship points, ensuring an even playing field for both seasoned data scientists and newcomers alike.

Opportunities

But wait, there’s more! The top 3 performers in each challenge may have the opportunity to collaborate with Ocean on dApps that monetize their algorithms. What sets us apart? Unlike other platforms, you retain full intellectual property rights. Our goal is to empower you to bring your innovations to the market. Let’s work together to turn your ideas into reality!

How to Participate

Are you ready to join us on this quest? Whether you’re a seasoned data pro or just starting, there’s a place for you in our community of data scientists. Let’s explore and discover together on Desights, our dedicated data challenge platform. The challenge runs from April 11 until April 30, 2024, at midnight UTC. Click here to access the challenge.

Community and Support

To engage in discussions, ask questions, or join the community conversation, connect with us on Ocean’s Discord channel #data-science-hub or the Desights support channel #data-challenge-support.

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable people to privately & securely publish, exchange, and consume data.

Follow Ocean on Twitter or Telegram to keep up to date. Chat directly with the Ocean community on Discord — or track Ocean’s progress on GitHub.