Last update: 02-09-2024
Top trading strategy Chiliz (CHZ) Weekly – Live position:
- Long in progress
- Entry price : 0.0606 $
- Pnl : -14.85 %
Trade history
Over 6 months
Complete
«Top trading strategy Chiliz (CHZ) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy CHZ 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 CHZ
Chiliz (CHZ) is a unique cryptocurrency that aims to revolutionize the sports and entertainment industry. Launched in 2018, Chiliz allows fans to engage with their favorite sporting teams and organizations through blockchain technology.
One of the main features of Chiliz is its platform called Socios.com, which serves as a digital marketplace for fans to buy voting rights and exclusive merchandise from their favorite teams. Through the platform, fans can interact with their clubs, participate in polls, and make collective decisions that can influence team-related matters. This innovative approach to fan engagement has the potential to bridge the gap between supporters and organizations, giving fans a sense of ownership and influence over their favorite teams.
The use of blockchain technology ensures transparency and security in all transactions made on the Socios.com platform. Chiliz tokens, the native cryptocurrency of the platform, are used as a medium of exchange for buying Fan Tokens, which represent voting rights and access to exclusive team-related content. By leveraging blockchain, Chiliz provides a decentralized system that prevents fraudulent activities and puts power back into the hands of the fans.
One of the key advantages of Chiliz is its ability to tap into the massive global sports market. The platform has partnered with numerous top-tier sports clubs and organizations, including prominent football teams like FC Barcelona, Juventus, Paris Saint-Germain, and many more. This wide range of partnerships demonstrates the potential of the Chiliz ecosystem to attract a large user base and generate significant revenue for both the teams and the platform.
The growing popularity of Chiliz and Socios.com has also attracted the attention of prominent investors in the crypto space. The project has received significant funding, including a notable investment from Binance, one of the largest cryptocurrency exchanges in the world. This support from major players in the industry further solidifies the potential of Chiliz to disrupt the sports industry and create new opportunities for fan engagement.
In conclusion, Chiliz (CHZ) is a crypto project that aims to redefine fan engagement in the sports and entertainment industry through its platform, Socios.com. By leveraging blockchain technology, Chiliz allows fans to have a say in team-related matters, interact with their favorite clubs, and access exclusive content. With its growing list of partnerships and support from influential investors, Chiliz has the potential to revolutionize the way fans engage with the sports they love.
Strategy details
«Top trading strategy CHZ 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 : [‘sports’, ‘collectibles-nfts’, ‘content-creation’, ‘payments’]
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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