Last update: 25-10-2024 12:00 UTC
Top trading strategy Zcash (ZEC) 4H – Live position:
- No position
Trade history
Over 6 months
Complete
«Top trading strategy Zcash (ZEC) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy ZEC 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 ZEC
Zcash (ZEC) is a cryptocurrency that was launched in 2016 with the goal of providing its users with enhanced privacy and security features. It is based on the open-source Zerocash protocol, which utilizes zero-knowledge proofs called zk-SNARKs to ensure transaction privacy.
One of the key features of Zcash is its ability to offer selective transparency. While most other cryptocurrencies publicly disclose the sender, recipient, and transaction amount, Zcash allows users to shield this information using zk-SNARKs. This technology enables the verification of transactions without revealing any sensitive data, making it a highly secure and private cryptocurrency.
Zcash employs two types of addresses – transparent and shielded. Transparent addresses function similarly to Bitcoin, where the sender, recipient, and transaction amount are visible on the blockchain. In contrast, shielded addresses utilize zk-SNARKs to conceal this information, providing users with an option to keep their transactions private.
The privacy-focused nature of Zcash has made it popular among individuals and entities looking for enhanced financial privacy. It has gained traction in industries that require confidentiality, such as finance, healthcare, and legal sectors. Privacy-conscious individuals also value Zcash as it provides an additional layer of security and anonymity.
Zcash operates on a decentralized blockchain network, similar to other cryptocurrencies. Its native currency, ZEC, is used for conducting transactions and incentivizing miners to secure the network. Like other cryptocurrencies, ZEC can be stored in digital wallets and exchanged on various cryptocurrency exchanges.
In addition to its privacy features, Zcash has also implemented security measures to protect against potential network attacks. It employs advanced cryptographic techniques and undergoes regular security audits to ensure the integrity of its protocol.
However, Zcash’s privacy features have also raised concerns regarding potential misuse for illicit activities. Critics argue that the anonymity provided by Zcash could facilitate money laundering or dark market transactions. To address these concerns, Zcash has collaborated with regulatory bodies to develop guidelines that promote responsible use and compliance with financial regulations.
Overall, Zcash has established itself as a leading cryptocurrency that prioritizes user privacy and security. Its innovative zero-knowledge proof technology and selective transparency offer a unique approach to transactions. As the demand for privacy-focused cryptocurrencies continues to rise, Zcash is likely to play a significant role in shaping the future of digital financial transactions.
Strategy details
«Top trading strategy ZEC 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.
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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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