Last update: 18-05-2024 16:00 UTC
Top trading strategy WazirX (WRX) 4H – Live position:
- Long in progress
- Entry price : 0.2149 $
- Pnl : -2.51 %
Trade history
Over 6 months
Complete
«Top trading strategy WazirX (WRX) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy WRX 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 WRX
WazirX (WRX) is a cryptocurrency that has gained considerable popularity in recent years. It is a native token of the WazirX cryptocurrency exchange, which is one of the largest and most active cryptocurrency exchanges in India.
One of the key features of WazirX is its utility within the exchange platform. Users can make use of WRX tokens to pay for trading fees, participate in token sales, and access advanced trading features. This provides value to the token and enhances its adoption among traders and investors within the WazirX ecosystem.
Furthermore, WazirX has implemented a unique feature called “WRX Mining.” Through this program, users can mine WRX tokens by trading on the WazirX platform, thus incentivizing active participation. This mining feature has helped drive engagement and growth within the exchange, attracting more users and increasing liquidity.
The success and growing popularity of WazirX can be attributed, in part, to its affiliation with Binance, one of the largest cryptocurrency exchanges in the world. Binance acquired WazirX in 2019, providing the exchange with additional resources, technology, and global exposure. This partnership has allowed WazirX to expand its services and reach a wider audience, boosting the demand for WRX tokens.
Moreover, WazirX has been at the forefront of promoting the adoption of cryptocurrencies in India. Despite regulatory uncertainties surrounding cryptocurrencies in the country, WazirX has actively participated in discussions with government authorities and regulatory bodies. Their efforts to educate, create awareness, and build a secure and compliant platform have made them a trusted name within the Indian crypto community.
In summary, WazirX and its native token WRX have emerged as influential players in the cryptocurrency market, especially in India. Their innovative features, affiliation with Binance, and commitment to regulatory compliance have contributed to their success. As the crypto market continues to evolve, WazirX’s role in facilitating cryptocurrency adoption and fostering a robust trading environment is expected to further strengthen, making WRX a compelling asset for investors and traders alike.
Strategy details
«Top trading strategy WRX 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 : [‘centralized-exchange’, ‘algorand-ecosystem’, ‘binance-launchpad’, ‘injective-ecosystem’]
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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