Last update: 26-01-2023 08:00 UTC
Top trading strategy Beam (BEAM) 4H – Live position:
- Short in progress
- Entry price : 0.0876 $
- Pnl : 25.57 %
Trade history
Over 6 months
Complete
«Top trading strategy Beam (BEAM) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy BEAM 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 BEAM
Beam (BEAM) is a privacy-focused cryptocurrency that aims to enable confidential and secure transactions on the blockchain. It was launched in early 2019 and has gained significant attention in the crypto community for its innovative features and commitment to privacy.
One of the prominent features of Beam is its implementation of Mimblewimble, a groundbreaking protocol that enhances transaction privacy and scalability. Mimblewimble allows for the consolidation of multiple transactions into a single block, thereby improving the efficiency and reducing the size of the blockchain. This feature makes Beam an attractive option for those who value privacy and seek to protect their financial transactions from prying eyes.
Beam also employs other privacy-enhancing technologies, such as Confidential Transactions and Dandelion++, to further shield user information. Confidential Transactions hide transaction amounts, ensuring that only the sender and receiver know the details. Dandelion++ improves transaction privacy by obfuscating the origin of a transaction, making it difficult for potential adversaries to trace it back to the sender.
Additionally, Beam has a unique approach to governance that encourages community participation and decision-making. Through the Beam treasury system, a portion of the block reward is allocated towards funding development, marketing, and other initiatives deemed beneficial for the Beam ecosystem. This self-sustaining model allows the community to have a say in the direction and development of the project, fostering a decentralized and transparent governance structure.
The BEAM token serves as the native currency of the Beam network, enabling users to transact, store value, and participate in the governance process. With a maximum supply of 262,800,000 BEAM, the token has a deflationary model that ensures scarcity and potentially appreciating value over time.
In terms of adoption, Beam has been gaining traction in cryptocurrency exchanges and wallets. As more individuals and businesses recognize the importance of privacy in an increasingly digital world, Beam’s focus on confidentiality may attract users seeking a secure and private means of conducting transactions. The active development team and continuous improvement of the protocol further contribute to the project’s long-term potential.
However, it is important to note that the privacy-centric nature of Beam has also raised concerns regarding potential illicit activities and regulatory compliance. Ensuring a balance between privacy and responsible use remains an ongoing challenge for projects like Beam and the broader cryptocurrency ecosystem.
In conclusion, Beam (BEAM) is a privacy-focused cryptocurrency that leverages the Mimblewimble protocol and other innovative technologies to provide users with confidential and secure transactions. Its emphasis on privacy, unique governance system, and growing adoption make Beam an intriguing project to watch in the cryptocurrency landscape.
Strategy details
«Top trading strategy BEAM 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’, ‘medium-of-exchange’, ‘defi’, ‘privacy’, ‘mimblewimble’, ‘lelantusmw’]
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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