Last update: 02-09-2024
Top trading strategy VeChain (VET) Weekly – Live position:
- No position
Trade history
Over 6 months
Complete
«Top trading strategy VeChain (VET) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy VET 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 VET
VeChain (VET) is a cryptocurrency that combines the power of blockchain technology with various innovative solutions to address supply chain management challenges. It aims to create a transparent and trustworthy platform for businesses to track and authenticate products throughout the supply chain journey.
VeChain offers a unique value proposition by utilizing blockchain’s inherent immutability and security features to enhance transparency and reduce fraud in supply chain processes. The platform provides end-to-end visibility, enabling businesses and consumers to trace the origin, authenticity, and quality of products. This feature is particularly crucial in industries such as food and luxury goods, where trust and authenticity play a significant role in consumer choices.
One of VeChain’s notable innovations is the integration of Internet of Things (IoT) technology into its ecosystem. By connecting physical items with digital records through IoT devices, VeChain enables real-time data collection, ensuring the accuracy and reliability of information. This integration allows businesses to monitor and manage their supply chain operations more efficiently, optimizing processes and reducing costs.
VeChain further enhances its value proposition through the use of smart contracts. These self-executing contracts automate transactions and agreements between parties, ensuring their reliability and eliminating the need for intermediaries. This feature enhances efficiency and reduces human error when executing supply chain processes, creating a more streamlined and cost-effective ecosystem.
In addition to its supply chain management focus, VeChain also offers other functionalities. For instance, it facilitates the creation and issuance of non-fungible tokens (NFTs), which are unique digital assets that enable ownership and provenance verification of digital or physical items. This feature opens up new possibilities for industries like digital art, gaming, and intellectual property.
Furthermore, VeChain has garnered significant partnerships with reputable companies worldwide. By collaborating with industry leaders, VeChain strengthens its adoption and credibility within various sectors. Notable partnerships include collaborations with PwC, DNV GL, Walmart China, BMW, and many others. These partnerships not only showcase VeChain’s potential but also provide it with valuable expertise and resources to drive its development further.
In summary, VeChain offers a comprehensive solution to supply chain management challenges through its utilization of blockchain, IoT, and smart contract technology. Its focus on transparency, authenticity, and efficiency positions it as a valuable player in industries reliant on trust and product verification. With established partnerships and continuous innovations, VeChain has the potential to revolutionize supply chain and beyond.
Strategy details
«Top trading strategy VET 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 : [‘logistics’, ‘data-provenance’, ‘iot’, ‘smart-contracts’, ‘fenbushi-capital-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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