Last update: 19-05-2024 00:00 UTC
Top trading strategy Ravencoin (RVN) 4H – Live position:
- Long in progress
- Entry price : 0.03008 $
- Pnl : 0.76 %
Trade history
Over 6 months
Complete
«Top trading strategy Ravencoin (RVN) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy RVN 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 RVN
Ravencoin (RVN) is a unique cryptocurrency that was launched in 2018 to address the needs of specific industries, primarily focused on asset tokenization and secure transfer of ownership. Synthesizing the fundamental aspects of Ravencoin highlights its distinctive features, technological advancements, use cases, and future potential.
One of Ravencoin’s standout characteristics is its dedicated focus on asset tokenization. While other cryptocurrencies primarily function as a means of transaction, RVN aims to enable the creation and transfer of digital assets on the blockchain. By utilizing a decentralized network with a unique consensus algorithm called “X16R”, Ravencoin ensures security, immutability, and transparency in the tokenization process. This feature makes RVN particularly suitable for numerous industries, including real estate, art, intellectual property, and even gaming.
Ravencoin’s X16R algorithm deserves special attention. Unlike conventional Proof-of-Work (PoW) algorithms, X16R employs sixteen different computing algorithms in random sequence, enhancing network security and making it less prone to being dominated by specialized mining equipment. By discouraging ASIC mining and promoting GPU mining, Ravencoin strives for greater decentralization in its network, ensuring a more fair and equal distribution of mining power among participants.
Furthermore, Ravencoin demonstrates a strong commitment to community engagement and decentralization. Launched as an open-source project, the development of the platform is guided by community consensus. The absence of an initial coin offering (ICO) or pre-mine ensures that RVN distribution is fair and equitable, with every individual having a chance to participate and contribute to the network’s growth.
In terms of use cases, Ravencoin has already demonstrated its potential in transforming the way assets are represented and traded digitally. By leveraging blockchain technology, RVN offers a secure and transparent platform for tokenizing real-world assets, eliminating intermediaries and reducing costs associated with traditional asset transfer processes. For example, individuals can tokenize their properties, making fractional ownership possible and allowing for easy and efficient transfer of ownership. This innovation has the potential to revolutionize the traditional financial system and empower individuals worldwide.
Looking ahead, Ravencoin has exciting prospects. The team behind RVN is continuously working on improving the scalability and interoperability of the platform. Integrations with other blockchain technologies and cross-chain asset transfer capabilities are being explored, which would extend the reach and usability of RVN. Additionally, as more industries recognize the benefits of asset tokenization, Ravencoin has the potential to become a leading platform for digitizing assets in various sectors, unlocking tremendous value and fostering new opportunities.
In conclusion, Ravencoin’s focus on asset tokenization, its unique X16R algorithm, commitment to community engagement, and potential for disrupting traditional asset transfer processes make it a noteworthy cryptocurrency. As the adoption of blockchain technology accelerates and the need for secure and efficient asset transfer increases, Ravencoin emerges as a promising platform with the potential to reshape industries and empower individuals worldwide.
Strategy details
«Top trading strategy RVN 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’, ‘pow’, ‘platform’, ‘crowdfunding’]
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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