Last update: 25-10-2024 12:00 UTC
Top trading strategy 0x (ZRX) 4H – Live position:
- Long in progress
- Entry price : 0.3265 $
- Pnl : 7.81 %
Trade history
Over 6 months
Complete
«Top trading strategy 0x (ZRX) 4H» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy ZRX 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 ZRX
0x (ZRX) is a decentralized exchange protocol built on the Ethereum blockchain that aims to facilitate the peer-to-peer exchange of assets and tokens. It provides a framework for developers to build applications and marketplaces that allow secure and efficient trading without relying on centralized intermediaries.
The key idea behind 0x is to eliminate the need for trust in traditional centralized exchanges by leveraging the power of blockchain technology. With 0x, users retain sole ownership of their assets as trades are executed directly between individual wallets. This eradicates the risk of hacking or theft associated with centralized exchanges.
The protocol employs a unique system of smart contracts that enable trading without requiring users to move their funds to a centralized exchange. Instead, trades are performed off-chain, meaning that transactions can be processed quickly and without any fees. The final settlement is then recorded on the Ethereum blockchain, ensuring transparency and immutability.
Moreover, 0x allows for the creation of decentralized exchanges (DEXs) by providing a standardized and interoperable infrastructure. This means that applications and marketplaces built on top of the 0x protocol can easily connect and interact with each other, seamlessly pooling liquidity and expanding the reach of available trading pairs.
The native cryptocurrency of the 0x protocol, ZRX, plays a crucial role in the ecosystem. It serves as a governance token, enabling the community to actively participate in protocol updates and decisions. ZRX holders can stake their tokens, granting them voting rights and the ability to influence the direction of the platform.
Additionally, ZRX serves as a key medium of exchange within the protocol, allowing users to pay transaction fees, incentivize market makers, and participate in governance activities. The token has garnered widespread adoption, and its value is determined by supply and demand dynamics within the 0x ecosystem.
In summary, 0x (ZRX) is a decentralized exchange protocol that leverages blockchain technology to enable trustless and efficient peer-to-peer trading. By eliminating the need for intermediaries, it aims to democratize access to financial markets and promote the development of a more inclusive and decentralized financial system.
Strategy details
«Top trading strategy ZRX 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 : [‘platform’, ‘decentralized-exchange-dex-token’, ‘defi’, ‘scaling’, ‘dao’, ‘substrate’, ‘polkadot’, ‘polkadot-ecosystem’, ‘polychain-capital-portfolio’, ‘governance’, ‘blockchain-capital-portfolio’, ‘boostvc-portfolio’, ‘fabric-ventures-portfolio’, ‘kenetic-capital-portfolio’, ‘placeholder-ventures-portfolio’, ‘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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