Last update: 29-04-2024 12:00 UTC
Top trading strategy BNB (BNB) 4H – Live position:
- Long in progress
- Entry price : 610.1 $
- Pnl : -4.23 %
Trade history
Over 6 months
Complete
«Top trading strategy BNB (BNB) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy BNB 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 BNB
BNB (BNB) crypto, also known as Binance Coin, is a prominent cryptocurrency that was created by one of the largest cryptocurrency exchanges in the world, Binance. This digital currency was first introduced in 2017 as an integral part of the Binance ecosystem.
One of the primary purposes behind the creation of BNB was to serve as a utility token within the Binance exchange. It provides various benefits to its holders, such as lower trading fees, participation in token sales, and access to advanced features on the platform. BNB has gained significant popularity due to its utility and the growing user base of Binance.
BNB operates on the Binance Chain, a blockchain platform developed by the Binance team. This blockchain enables fast and secure transactions, ensuring the integrity of the BNB ecosystem. It uses the Proof-of-Stake (PoS) consensus mechanism, allowing users to earn additional BNB by staking their holdings. The staking process adds to the attractiveness of BNB, as it provides a passive income opportunity for its holders.
Apart from its utility within the Binance platform, BNB has also gained traction in the wider cryptocurrency market. It is actively traded on various exchanges, allowing users to buy, trade, and sell BNB like any other cryptocurrency. BNB’s value has experienced significant growth since its inception, reflecting its increasing adoption and demand within the crypto community.
Furthermore, BNB has also been utilized for initial coin offerings (ICOs) and token launches on the Binance Launchpad. This has made BNB a go-to cryptocurrency for investors looking to participate in promising projects. By using BNB, investors enjoy exclusive opportunities and benefits associated with token sales on the Binance platform.
Moreover, BNB has expanded its utility beyond the Binance ecosystem. It can now be used to make payments and purchases with various merchants that accept BNB as a form of payment. This increasing acceptance by businesses showcases the growing adoption and recognition of BNB as a legitimate digital currency.
In summary, BNB (BNB) crypto, as the native cryptocurrency of Binance, serves as a foundational pillar within the Binance ecosystem. Its utility within the exchange, staking capabilities, participation in token sales, and increasing acceptance by merchants contribute to its growing prominence in the broader cryptocurrency market. BNB’s popularity and demand reflect its ability to deliver value to its holders and its potential for future growth.
Strategy details
«Top trading strategy BNB 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 : [‘marketplace’, ‘centralized-exchange’, ‘payments’, ‘smart-contracts’, ‘alameda-research-portfolio’, ‘multicoin-capital-portfolio’, ‘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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