Last update: 02-09-2024
Top trading strategy MultiversX (Elrond) (EGLD) Weekly – Live position:
- Long in progress
- Entry price : 31.84 $
- Pnl : -21.33 %
Trade history
Over 6 months
Complete
«Top trading strategy MultiversX (Elrond) (EGLD) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy EGLD Weekly». 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 EGLD
MultiverseX, built on the Elrond blockchain (EGLD), is a promising new cryptocurrency that aims to revolutionize the concept of multiverse gaming. MultiverseX aims to create a decentralized platform that enables players to seamlessly navigate and trade assets across various gaming universes.
The Elrond blockchain, upon which MultiverseX is built, is known for its high scalability and security features. Utilizing secure sharding and state-of-the-art cryptography, Elrond allows for fast and efficient transactions, enabling a seamless gaming experience for users.
One of the unique features of MultiverseX is its ability to bridge different gaming universes. This means that players can use their assets earned in one game and transfer them to another game without any hindrances. This interoperability of assets across various gaming universes opens up new possibilities for gamers and allows for greater asset liquidity.
Another noteworthy aspect of MultiverseX is its focus on user empowerment. The platform enables players to have complete control over their in-game assets and provides secure ownership and transferability. This ensures that players have full autonomy and can monetize their digital assets outside of the game environment.
Moreover, MultiverseX introduces the concept of non-fungible tokens (NFTs), which are unique digital assets with inherent scarcity and value. These NFTs can represent in-game items, characters, or even land within different gaming universes. By implementing NFTs, MultiverseX aims to add a layer of uniqueness and value to in-game assets and provide players with new opportunities for ownership and trading.
Furthermore, MultiverseX leverages smart contracts to facilitate transparent and trustless transactions. Smart contracts are programmable agreements that execute automatically when certain conditions are met. This technology ensures that transactions within MultiverseX are securely executed without the need for intermediaries, promoting efficiency and eliminating fraud.
The potential impact of MultiverseX extends beyond gaming. It has the potential to disrupt the traditional gaming industry, as it introduces new economic models and opportunities for players to earn real-world value from their gaming experiences. By incentivizing and rewarding players for their efforts, MultiverseX creates a more immersive and rewarding gaming ecosystem.
In conclusion, MultiverseX, powered by the Elrond blockchain (EGLD), offers a unique and innovative approach to multiverse gaming. With its focus on asset interoperability, user empowerment, NFT integration, and smart contract functionality, MultiverseX holds great promise in revolutionizing the gaming industry and providing a more immersive and lucrative gaming experience for players.
Strategy details
«Top trading strategy EGLD Weekly» 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 : [‘binance-launchpad’, ‘binance-labs-portfolio’, ‘electric-capital-portfolio’, ‘exnetwork-capital-portfolio’, ‘elrond-ecosystem’, ‘injective-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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