Last update: 19-02-2024 00:00 UTC

Top trading strategy Stellar (XLM) daily – Live position:

  • Long in progress
  • Entry price : 0.1167 $
  • Pnl : -0.6 %

Trade history

Over 6 months

Trade history for the 6 last months of the top trading strategy Stellar (XLM) daily

Complete

Complete trade history of the top trading strategy Stellar (XLM) daily

«Top trading strategy Stellar (XLM) daily» vs Buy & Hold ?

For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy XLM 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

Portfolio top stratégie Stellar (XLM) daily

Annual comparison of cumulative returns with Buy & Holds

Annual comparison of cumulative returns with Buy & Hold of top trading strategy Stellar (XLM) daily

Heatmap of monthly returns

Heatmap of monthly returns of the top trading strategy Stellar (XLM) daily

Distribution of the monthly returns of the top strategy

Distribution of the monthly returns of the top trading strategy Stellar (XLM) daily

Presentation of XLM

Stellar (XLM) is a cryptocurrency that has gained significant attention and popularity in the digital asset space. Launched in 2014 by Jed McCaleb, the co-founder of Ripple, Stellar aims to facilitate fast and low-cost cross-border transactions. This synthesis will shed light on various aspects of Stellar, including its unique features, significant partnerships, and potential future developments.

One of the key features of Stellar is its decentralized network, which utilizes a consensus algorithm called the Stellar Consensus Protocol (SCP). SCP allows for quick transaction settlement times and enhances security by preventing any single point of failure. This decentralized nature aligns with the ethos of blockchain technology, providing users with trustless and censorship-resistant transactions.

Stellar’s primary objective is to serve as a global payment network connecting individuals, banks, and payment systems across the globe. It achieves this by creating a bridge between traditional financial institutions and the world of cryptocurrencies. Stellar’s native cryptocurrency, XLM, acts as a bridge currency, facilitating liquidity and enabling seamless value transfer between different fiat currencies and cryptocurrencies.

Stellar has established itself as a robust and scalable platform for cross-border transactions, attracting partnerships with numerous significant organizations. One notable partnership is with IBM, where Stellar’s technology is used for IBM’s Blockchain World Wire, a global payment network aiming to revolutionize the way international money transfers are conducted. This collaboration further enhances Stellar’s credibility and widens its reach in the global financial market.

Another noteworthy aspect of Stellar is its focus on financial inclusion. The platform strives to enable individuals in underbanked regions to access affordable financial services. It has partnered with various organizations and non-profits to provide low-cost remittances, micropayments, and access to other financial solutions for those without a traditional banking infrastructure. Stellar Development Foundation, a non-profit organization, oversees the development and promotion of the Stellar network, working towards its goal of financial inclusivity.

Looking ahead, Stellar has several potential developments on the horizon. It plans to integrate with central bank digital currencies (CBDCs), exploring opportunities to enhance interoperability between traditional and digital currencies. This move could potentially revolutionize the existing payment infrastructure by providing a more efficient and inclusive means of transferring value globally.

Moreover, Stellar is continuously improving its network’s scalability and security. Through ongoing research and development efforts, Stellar aims to handle a larger volume of transactions while maintaining low fees and fast settlement times. With its robust technology and partnerships, Stellar is well-positioned to address the needs of a globalized economy that demands rapid and cost-effective cross-border transactions.

In conclusion, Stellar (XLM) is a promising cryptocurrency that focuses on providing a global payment network that connects traditional financial systems with the world of cryptocurrencies. Its decentralized architecture, notable partnerships, and commitment to financial inclusion set it apart in the digital asset space. Stellar’s potential integration with central bank digital currencies and ongoing efforts to enhance scalability position it as a notable player in the future of cross-border transactions.

Strategy details

«Top trading strategy XLM 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 : [‘medium-of-exchange’, ‘enterprise-solutions’, ‘decentralized-exchange-dex-token’, ‘smart-contracts’, ‘hashkey-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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