Last update: 20-02-2024 12:00 UTC

Top trading strategy OMG Network (OMG) 4H – Live position:

  • Long in progress
  • Entry price : 0.651 $
  • Pnl : 11.37 %

Trade history

Over 6 months

Trade history for the 6 last months of the top trading strategy OMG Network (OMG) 4H

Complete

Complete trade history of the top trading strategy OMG Network (OMG) 4H

«Top trading strategy OMG Network (OMG) 4H» vs Buy & Hold ?

For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy OMG 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

Portfolio top stratégie OMG Network (OMG) 4H

Annual comparison of cumulative returns with Buy & Holds

Annual comparison of cumulative returns with Buy & Hold of top trading strategy OMG Network (OMG) 4H

Heatmap of monthly returns

Heatmap of monthly returns of the top trading strategy OMG Network (OMG) 4H

Distribution of the monthly returns of the top strategy

Distribution of the monthly returns of the top trading strategy OMG Network (OMG) 4H

Presentation of OMG

OMG Network (OMG) is a cryptocurrency that aims to address the scalability issues of the Ethereum blockchain, allowing for faster and cheaper transactions. It was developed by OmiseGO, a financial technology company based in Thailand.

The Ethereum blockchain has gained significant popularity, but its scalability limitations have become increasingly evident as the network faces congestion and high transaction fees. This has hindered its potential for mass adoption and practical use in everyday transactions. OMG Network seeks to tackle these challenges by utilizing a technology called Plasma, which is a layer 2 scaling solution.

Plasma is designed to create a network of smaller blockchains that operate alongside the main Ethereum network, known as child chains. These child chains process transactions independently, only committing the final results to the Ethereum blockchain. By doing so, OMG Network can significantly increase the number of transactions it can handle, achieving faster confirmation times and reduced transaction fees.

One of the main advantages of OMG Network is its ability to negotiate and settle transactions across different cryptocurrencies. This enables users to seamlessly exchange value between various digital assets without the need for intermediaries. With OMG Network, users can enjoy the benefits of borderless and instant transactions, making it a promising solution for the mass adoption of cryptocurrencies in everyday life.

OMG Network also aims to foster financial inclusion by providing access to financial services for the unbanked and underbanked populations. Its network infrastructure can facilitate secure and low-cost remittance services, allowing individuals without traditional banking services to send and receive money globally.

Furthermore, OMG Network provides a software development kit (SDK) that allows developers to build their own applications on top of the network. This opens up opportunities for the creation of decentralized finance (DeFi) applications, tokenization of real-world assets, and other innovative use cases. The flexibility and scalability of OMG Network make it an attractive platform for developers looking to leverage the advantages of blockchain technology.

Overall, OMG Network addresses the scalability issues of the Ethereum blockchain by utilizing Plasma technology, offering faster and cheaper transactions. Its focus on interoperability and financial inclusion makes it a compelling cryptocurrency with the potential to revolutionize the way transactions are conducted globally. With its SDK empowering developers, OMG Network creates an ecosystem for innovative applications and paves the way for widespread adoption of cryptocurrencies in everyday life.

Strategy details

«Top trading strategy OMG 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 : [‘medium-of-exchange’, ‘payments’, ‘scaling’, ‘state-channel’, ‘pantera-capital-portfolio’]

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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