Last update: 02-09-2024
Top trading strategy Hedera (HBAR) Weekly – Live position:
- Close long
- Entry price : 0.0589 $
- Pnl : -18.51 %
Trade history
Over 6 months
Complete
«Top trading strategy Hedera (HBAR) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy HBAR Weekly». was split evenly between the ten cryptocurrencies. It is compared to a Buy & Hold strategy consisting simply of buying and holding its asset.
Historical comparison of cumulative returns with Buy & Hold
Annual comparison of cumulative returns with Buy & Holds
Heatmap of monthly returns
Distribution of the monthly returns of the top strategy
Presentation of HBAR
Hedera (HBAR) is a cryptocurrency that was created to provide a fast, secure, and scalable network for decentralized applications (DApps). It aims to offer users the benefits of blockchain technology, such as transparency and immutability, while addressing some of the limitations that exist in other blockchain platforms.
One of the main features of Hedera is its use of a Directed Acyclic Graph (DAG) consensus algorithm called Hashgraph, which allows for high transaction throughput and low latency. This makes it ideal for applications that require real-time interactions and quick settlement of transactions, such as financial services, supply chain management, and gaming.
In addition to its speed and efficiency, Hedera offers a high level of security through its unique gossip protocol. This protocol ensures that all network participants reach consensus on the order of transactions, preventing any malicious activity or double-spending. Furthermore, Hedera utilizes a council governing model, consisting of large organizations from various industries, to manage the platform and make important decisions, ensuring decentralization and preventing the concentration of power.
Hedera also aims to address the environmental concerns associated with traditional proof-of-work (PoW) blockchain networks. While PoW consumes significant amounts of energy, Hedera’s Hashgraph consensus mechanism is more energy-efficient, making it a more sustainable option.
The HBAR token is used as the native currency of the Hedera network. It allows users to pay for services, participate in network governance, and earn rewards for participating as a network node. Hedera has a supply cap of 50 billion tokens, with a portion reserved for rewarding node operators, developers, and early adopters.
Overall, Hedera (HBAR) positions itself as a viable solution for businesses and developers seeking a scalable, secure, and energy-efficient blockchain platform for building and deploying DApps. Its innovative consensus mechanism and governance model, along with its focus on sustainability, make it an interesting player in the ever-growing cryptocurrency market.
Strategy details
«Top trading strategy HBAR Weekly» is the result of meticulous selection work. Above all, we backtested long and short around 20 strategies. Then, we selected for you the best of them on the basis of their success rate and their risk gain ratio. In order to refine the money management of the trading strategy, we take into account the relative cumulative return between the three strategies for each position taken. We are currently working on incorporating Kelly’s formula into position sizing.
Tags : [‘dag’, ‘marketplace’, ‘enterprise-solutions’, ‘payments’, ‘dcg-portfolio’]
Disclaimer: This article is intended for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research and consult financial professionals before making investment decisions.
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