Last update: 19-05-2024 00:00 UTC
Top trading strategy Dash (DASH) 4H – Live position:
- Long in progress
- Entry price : 29.61 $
- Pnl : 0.54 %
Trade history
Over 6 months
Complete
«Top trading strategy Dash (DASH) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy DASH 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 DASH
Dash is a cryptocurrency that emerged in 2014, originally known as Darkcoin, with a focus on user privacy and transactional speed. It provides a decentralized network where individuals can conduct transactions securely and efficiently.
One notable feature of Dash is its emphasis on anonymity. It utilizes a unique technology called PrivateSend, which enables users to mix their funds with those of other participants before completing a transaction. This process helps to obfuscate the source of funds and enhances privacy for users. By implementing this feature, Dash aims to address concerns related to the traceability of blockchain transactions.
Not only does Dash offer anonymity, but it also prides itself on its fast transaction speeds. It employs a mechanism called InstantSend, which allows for rapid confirmation of transactions within a couple of seconds. This quick confirmation time makes Dash suitable for time-sensitive transactions, attracting users who value efficiency.
Dash operates on a network of masternodes, which provide additional functionalities such as PrivateSend and InstantSend. Masternode operators are required to secure a certain amount of Dash as collateral, promoting network integrity and incentivizing engagement in the network’s governance. Dash’s unique governance structure allows token holders to participate in decision-making and the allocation of funds for future development, fostering a decentralized and community-driven ecosystem.
The cryptocurrency has gained popularity in various sectors, including e-commerce, remittances, and peer-to-peer transactions. Dash’s ability to provide a secure and swift payment solution has made it a favorable option for merchants and users alike. Furthermore, its acceptance by numerous businesses worldwide indicates growing trust in the cryptocurrency.
In conclusion, Dash stands out in the cryptocurrency market by offering users anonymity and quick transaction speeds. Through its PrivateSend and InstantSend features, it addresses privacy concerns while providing efficient transactions. With its unique governance structure and increasing adoption, Dash demonstrates potential for further growth and integration into various industries.
Strategy details
«Top trading strategy DASH 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 : [‘mineable’, ‘hybrid-pow-pos’, ‘x11’, ‘medium-of-exchange’, ‘privacy’, ‘masternodes’, ‘dao’, ‘governance’]
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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