Last update: 25-10-2024 12:00 UTC
Top trading strategy THORChain (RUNE) 4H – Live position:
- Long in progress
- Entry price : 5.105 $
- Pnl : 3.6 %
Trade history
Over 6 months
Complete
«Top trading strategy THORChain (RUNE) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy RUNE 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 RUNE
THORChain (RUNE) is a cryptocurrency that aims to revolutionize decentralized finance (DeFi) by providing a cross-chain liquidity protocol. Built on the THORChain blockchain, RUNE enables seamless and trustless exchanges of digital assets across different blockchain networks. Its primary goal is to create a decentralized and efficient platform for users to trade and swap cryptocurrencies without relying on intermediaries or centralized exchanges.
One of the key features of THORChain is its ability to support interoperability among various blockchains. By utilizing a unique protocol called the Continuous Liquidity Pool (CLP), THORChain enables users to swap assets between different chains while maintaining decentralized liquidity. This ensures that users can easily access and trade a wide range of digital assets, regardless of the blockchain they are based on.
Another crucial aspect of THORChain is its focus on security. RUNE employs a robust consensus mechanism known as Byzantine Fault Tolerance (BFT) to secure the network and ensure the integrity of transactions. This mechanism involves a group of validators who are responsible for validating and confirming transactions, making the network resistant to attacks and potential security breaches.
The decentralized nature of THORChain provides several benefits to users. Firstly, it eliminates the need for intermediaries, such as centralized exchanges, thereby reducing the associated fees and counterparty risks. Additionally, by allowing users to directly trade with each other, THORChain enhances liquidity, making it easier for users to find suitable trading pairs and execute transactions at desirable rates.
Moreover, THORChain’s focus on cross-chain compatibility enhances overall market efficiency. It eliminates fragmented liquidity pools traditionally associated with individual blockchains and enables traders to quickly and efficiently access different markets, resulting in improved price discovery and reduced arbitrage opportunities.
In terms of future developments, THORChain has plans to expand its features and capabilities. One notable upcoming feature is the ability to provide lending and borrowing functionalities, allowing users to earn interest on their assets and borrow additional funds for trading purposes. This expansion into decentralized lending aims to further empower users and enhance the overall utility of the THORChain ecosystem.
Overall, THORChain (RUNE) offers a unique and innovative solution to the challenges faced by traditional centralized exchanges and fragmented liquidity pools. Its cross-chain liquidity protocol and focus on decentralization and security make it an attractive option for users seeking to trade cryptocurrencies in a trustless and efficient manner. As it continues to develop and expand its features, THORChain has the potential to significantly impact and shape the future of decentralized finance.
Strategy details
«Top trading strategy RUNE 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 : [‘cosmos-ecosystem’, ‘decentralized-exchange-dex-token’, ‘defi’, ‘multicoin-capital-portfolio’, ‘exnetwork-capital-portfolio’, ‘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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