Last update: 18-05-2024 16:00 UTC
Top trading strategy Audius (AUDIO) 4H – Live position:
- Short in progress
- Entry price : 0.1524 $
- Pnl : -3.61 %
Trade history
Over 6 months
Complete
«Top trading strategy Audius (AUDIO) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy AUDIO 4H». 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 AUDIO
Audius (AUDIO) is a cryptocurrency that has gained significant attention in the blockchain and music industries. It aims to disrupt the music streaming landscape by empowering artists, removing intermediaries, and providing a decentralized platform for sharing and monetizing music content.
At its core, Audius is a blockchain-based streaming protocol that eliminates the need for traditional intermediaries like music labels, distributors, and streaming platforms. By leveraging decentralized technology, artists can directly upload their music to the Audius platform, retaining complete ownership and control over their creative work. This decentralized approach enables artists to have a direct relationship with their audience, cutting out middlemen who often take a substantial portion of their earnings.
One significant advantage of Audius is its open and permissionless nature. Unlike traditional streaming platforms, anyone can upload and share their music without needing approval from centralized authorities. This inclusivity ensures that emerging artists, independent musicians, and even established ones can freely participate and showcase their talent. Consequently, Audius fosters a diverse and vibrant music ecosystem.
Another notable feature of Audius is its content monetization model. Using smart contracts and a native cryptocurrency called AUDIO, the platform provides a mechanism for artists to earn directly from their music. Fans can support their favorite artists by purchasing their music or subscribing to their content using AUDIO tokens. This direct artist-to-fan transaction facilitates fair compensation and greater transparency.
Moreover, Audius provides a social networking aspect that promotes collaboration and discovery. Artists can connect with their fans and other artists, fostering a sense of community within the platform. This interaction enables musicians to explore new collaborations and expand their reach, enhancing their creative potential.
In terms of technology, Audius leverages blockchain and decentralized storage solutions to ensure data integrity and censorship resistance. By storing music content across a distributed network, it becomes virtually impossible to tamper with or delete specific tracks arbitrarily. This feature is crucial, as it protects artists from unauthorized use or removal of their creations.
Audius has gained significant traction in the music industry due to its potential to revolutionize the streaming landscape. Several prominent artists have joined the platform, adding credibility and attracting a broader user base. The project’s ability to empower artists, provide fair compensation, and create a decentralized music ecosystem has generated considerable enthusiasm among musicians and blockchain enthusiasts alike.
In conclusion, Audius (AUDIO) is a cryptocurrency that combines blockchain technology with the music industry to create a decentralized streaming platform. By removing intermediaries, empowering artists, and providing a direct artist-to-fan monetization model, Audius aims to reshape the music industry’s dynamics. Its inclusive and permissionless nature, content monetization mechanisms, and social networking features make it a promising project that has the potential to redefine how music is created, shared, and enjoyed.
Strategy details
«Top trading strategy AUDIO 4H» 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 : [‘music’, ‘dao’, ‘coinbase-ventures-portfolio’, ‘binance-labs-portfolio’, ‘solana-ecosystem’, ‘pantera-capital-portfolio’, ‘multicoin-capital-portfolio’, ‘web3’]
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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