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

Top trading strategy Zilliqa (ZIL) 4H – Live position:

  • Long in progress
  • Entry price : 0.02119 $
  • Pnl : 14.91 %

Trade history

Over 6 months

Trade history for the 6 last months of the top trading strategy Zilliqa (ZIL) 4H

Complete

Complete trade history of the top trading strategy Zilliqa (ZIL) 4H

«Top trading strategy Zilliqa (ZIL) 4H» vs Buy & Hold ?

For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy ZIL 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 Zilliqa (ZIL) 4H

Annual comparison of cumulative returns with Buy & Holds

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

Heatmap of monthly returns

Heatmap of monthly returns of the top trading strategy Zilliqa (ZIL) 4H

Distribution of the monthly returns of the top strategy

Distribution of the monthly returns of the top trading strategy Zilliqa (ZIL) 4H

Presentation of ZIL

Zilliqa (ZIL) is a blockchain platform that aims to address scalability issues in decentralized networks. It employs a unique sharding technique to enable high throughput and quick transaction processing. In this synthesis, I will delve into the key features, advantages, drawbacks, and potential use cases of Zilliqa.

One of the standout features of Zilliqa is its implementation of sharding. Traditional blockchains suffer from limited scalability due to the need for all participants to validate every transaction, leading to network congestion and slow transaction times. Zilliqa tackles this problem by dividing its network into smaller groups called shards, each capable of processing transactions independently. This parallel processing approach significantly boosts the network’s capacity, enabling it to handle a large number of transactions in a short span of time.

Another advantage of Zilliqa is its focus on security and consensus. It utilizes a hybrid consensus mechanism, combining Proof of Work (PoW) and Practical Byzantine Fault Tolerance (pBFT). PoW is employed to establish the nodes of the network, while pBFT ensures the finality and certainty of transactions. This combination allows Zilliqa to achieve a balance between security and efficiency.

Zilliqa also supports smart contract functionality, similar to Ethereum. However, it distinguishes itself by utilizing its sharded structure to enhance smart contract execution. By running different parts of a smart contract on separate shards, Zilliqa ensures faster processing and reduces the risk of congestion. This makes it a compelling platform for decentralized applications (dApps) that require high throughput and scalability.

Despite its promising features, Zilliqa faces certain challenges and limitations. As a relatively new blockchain platform, it competes with established networks like Ethereum that already have a well-established ecosystem of developers and dApps. Zilliqa needs to continue to attract developers and businesses to build on its platform to achieve widespread adoption.

Additionally, Zilliqa’s sharded structure could potentially lead to data fragmentation issues. Since each shard processes transactions independently, cross-shard communication might be required in certain scenarios, which can introduce complexities. Zilliqa’s team is actively researching and developing solutions to address these challenges and improve the overall user experience.

Zilliqa’s extensive scalability and high transaction throughput have the potential to impact various industries. For instance, it could improve efficiency in finance by enabling faster settlements and reducing transaction costs. Zilliqa’s secure and scalable infrastructure also makes it suitable for supply chain management systems, allowing for transparent and efficient tracking of goods and transactions. Moreover, it could revolutionize gaming platforms by facilitating seamless online gaming experiences, minimizing transaction delays, and enhancing security.

In conclusion, Zilliqa (ZIL) stands out among blockchain platforms for its innovative use of sharding, enabling superior scalability and transaction processing capabilities. Its hybrid consensus mechanism and smart contract functionality contribute to its appeal as a high-performance blockchain. While facing challenges in terms of ecosystem development and data fragmentation, Zilliqa holds potential for wide-ranging applications in various sectors, making it an intriguing cryptocurrency to follow in the evolving blockchain landscape.

Strategy details

«Top trading strategy ZIL 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’, ‘platform’, ‘payments’, ‘smart-contracts’, ‘polychain-capital-portfolio’, ‘metaverse’, ‘kenetic-capital-portfolio’, ‘zilliqa-ecosystem’, ‘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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