Last update: 25-11-2024 00:00 UTC
Top trading strategy Dego Finance (DEGO) daily – Live position:
- Short in progress
- Entry price : 1.904 $
- Pnl : -28.68 %
Trade history
Over 6 months
Complete
«Top trading strategy Dego Finance (DEGO) daily» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy DEGO daily». 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 DEGO
Dego Finance (DEGO) is a cryptocurrency that aims to provide decentralized finance solutions to its users. Its platform offers various decentralized applications (DApps) and services, creating an ecosystem where users can participate in different financial activities without relying on traditional intermediaries.
One of the core features of Dego Finance is its NFT (Non-Fungible Token) mining system. Users can stake their DEGO tokens to mine unique and valuable NFTs, gaining both financial rewards and exclusive digital assets. This innovative concept combines the popularity of NFTs with the earning potential of decentralized finance, attracting users interested in both investment opportunities and collecting digital art.
Furthermore, Dego Finance provides decentralized lending and borrowing services, allowing users to access funds or earn interest on their holdings. By removing the need for intermediaries, such as banks or lending platforms, DEGO enables individuals to directly interact and transact with each other. This peer-to-peer lending model enhances transparency, security, and reduces overall costs.
The DEGO token is an integral part of the Dego Finance ecosystem. It serves multiple purposes, including staking for NFT mining, participating in governance, and providing access to various platform features. Through its governance capabilities, DEGO token holders have a say in the platform’s decision-making process, such as proposing and voting on protocol changes, upgrades, or new DApps.
Dego Finance also emphasizes the importance of community engagement and partnerships. The project actively collaborates with other projects in the decentralized finance space to expand its offerings and enhance its ecosystem. This collaborative approach helps Dego Finance grow its user base, attract new liquidity providers, and ultimately provide a more robust and diverse set of services for its community.
However, it is essential to note that as with any cryptocurrency investment, there are inherent risks involved. The decentralized finance industry can be volatile, and the value of the DEGO token can fluctuate significantly. It is crucial for potential investors or users to conduct thorough research, understand the risks involved, and evaluate their risk tolerance before engaging with Dego Finance or any other cryptocurrency.
In conclusion, Dego Finance (DEGO) is a cryptocurrency that combines decentralized finance solutions with NFT mining, lending, borrowing, and community governance. Through its innovative offerings, Dego Finance aims to provide users with greater financial autonomy, transparency, and the opportunity to participate in a vibrant and evolving ecosystem. However, it is crucial to approach cryptocurrency investments with caution and make informed decisions based on individual circumstances and risk tolerance.
Strategy details
«Top trading strategy DEGO daily» 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 : [‘collectibles-nfts’, ‘defi’, ‘dao’, ‘polkadot-ecosystem’, ‘governance’, ‘binance-launchpad’, ‘bnb-chain’]
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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