Last update: 18-05-2024 16:00 UTC
Top trading strategy IoTeX (IOTX) 4H – Live position:
- No position
Trade history
Over 6 months
Complete
«Top trading strategy IoTeX (IOTX) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy IOTX 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 IOTX
IoTeX (IOTX) is a cryptocurrency and blockchain project that aims to address several key challenges in the Internet of Things (IoT) sector. By combining blockchain technology with IoT, IoTeX aims to create a decentralized platform that ensures privacy, scalability, and interoperability.
Privacy is a significant concern in the IoT space, as millions of devices generate vast amounts of data. IoTeX implements a combination of techniques like lightweight cryptography, secure hardware, and trusted computing to protect user data and ensure that only authorized parties have access to it. By employing a blockchain-based framework, IoTeX offers secure data sharing and prevents unauthorized access or tampering.
Scalability is another critical issue in the IoT industry. As the number of connected devices increases exponentially, traditional blockchain networks may struggle to handle the sheer volume of transactions. IoTeX tackles this challenge by employing a unique architecture that segregates the network into multiple subchains. This design allows for parallel processing, ensuring high scalability without compromising security.
Interoperability is also crucial for the widespread adoption of IoT technology. IoTeX integrates cross-chain communication protocols, enabling seamless communication between various IoT platforms and ecosystems. This interoperability fosters collaboration and enables different devices and systems to work together efficiently, ultimately enhancing the overall value of the IoT ecosystem.
IoTeX also places a significant emphasis on community engagement and governance. They believe that collective decision-making and transparency are vital for the sustainable growth of the project. Through their decentralized governance model, IoTeX token holders have the ability to propose and vote on key decisions, such as protocol upgrades and funding allocations.
Overall, IoTeX is a promising project that aims to revolutionize the IoT industry by combining blockchain technology with IoT devices. By addressing privacy, scalability, and interoperability concerns, IoTeX aims to create a secure and efficient ecosystem that unlocks the full potential of IoT. With a strong emphasis on community governance, IoTeX strives to involve its users in shaping the future of the project.
Strategy details
«Top trading strategy IOTX 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 : [‘platform’, ‘iot’, ‘hashkey-capital-portfolio’, ‘kenetic-capital-portfolio’, ‘iotex-ecosystem’, ‘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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