Last update: 29-04-2024 12:00 UTC
Top trading strategy Dent (DENT) 4H – Live position:
- Short in progress
- Entry price : 0.001284 $
- Pnl : 1.64 %
Trade history
Over 6 months
Complete
«Top trading strategy Dent (DENT) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy DENT 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 DENT
Dent (DENT) is a cryptocurrency that seeks to revolutionize the telecom industry by allowing users to buy, sell, and trade mobile data using blockchain technology. The project was founded in 2017 with the aim of creating a decentralized marketplace for mobile data, eliminating the need for costly and inconvenient mobile operators.
One of the primary goals of Dent is to make mobile data more accessible and affordable for individuals around the world. With the widespread use of smartphones and data-intensive applications, the demand for mobile data is constantly increasing. However, traditional mobile operators often impose high fees and limit access to data, making it challenging for many people to stay connected.
By utilizing blockchain technology, Dent aims to enable a peer-to-peer economy for buying and selling mobile data. The platform allows users to convert unused or excess data into DENT tokens, which can then be traded or sold to other users. This provides an opportunity for individuals to monetize their unused data, while also giving those in need a more affordable option for accessing mobile data.
Furthermore, Dent’s decentralized nature ensures increased transparency and security for users. All transactions are recorded on the blockchain, eliminating the need for intermediaries and reducing the risk of fraud or manipulation. This decentralized marketplace also allows for quick and seamless transactions, as well as improved privacy for users.
Additionally, Dent is working towards creating partnerships with mobile operators around the world, which will further enhance the availability and accessibility of mobile data. Through these partnerships, Dent aims to establish a global marketplace where users can seamlessly use their DENT tokens to purchase data in different countries, eliminating the need for expensive roaming fees.
Overall, Dent is a promising project that aims to disrupt the telecom industry through the use of blockchain technology. By creating a peer-to-peer economy for mobile data, Dent aims to make data more affordable and accessible for individuals worldwide. With its decentralized marketplace and partnerships with mobile operators, Dent’s vision of a global data economy seems within reach.
Strategy details
«Top trading strategy DENT 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.
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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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