Last update: 19-12-2022
Top trading strategy Mithril (MITH) Weekly – Live position:
- Short in progress
- Entry price : 0.01436 $
- Pnl : 75.97 %
Over 6 months
«Top trading strategy Mithril (MITH) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy MITH 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 MITH
Mithril (MITH) is a cryptocurrency that aims to revolutionize the way social media platforms operate. Launched in 2018, Mithril operates on the Ethereum blockchain and provides users with a unique way to earn rewards for their social media engagement.
At its core, Mithril integrates cryptocurrency into the existing social media ecosystem, enabling users to mine and earn MITH tokens through social interactions, content creation, and engagement with their followers. By leveraging blockchain technology, Mithril aims to decentralize social media and shift the power from centralized platforms to individual users.
One of the key features of Mithril is its Social Mining mechanism, which rewards users for their contributions to various social media platforms. Users can earn MITH tokens by simply posting, sharing, and interacting with content on platforms such as Facebook, Instagram, and Twitter. This incentivizes users to generate high-quality content and encourages authentic engagement, thereby creating a more vibrant and active social media community.
Mithril also introduces the Mithril Vault, which is a secure digital wallet designed to store MITH tokens. Users can earn interest on their stored MITH tokens, further incentivizing long-term holding and promoting a sustainable ecosystem. This mechanism encourages users to retain their tokens instead of selling them in the market, ultimately reducing market volatility and providing stability to the MITH token.
Through partnerships with various social media platforms, Mithril seeks to integrate its token into mainstream social media applications, making it easily accessible for users worldwide. This integration will not only enhance user experiences but also allow MITH tokens to be used for in-app purchases, digital content, and other goods and services within the social media ecosystem.
From a technological standpoint, Mithril utilizes smart contracts on the Ethereum blockchain. This ensures transparency, security, and immutability of all transactions, minimizing the risk of fraud and providing a trustworthy environment for users to engage within.
In conclusion, Mithril is spearheading the convergence of social media and cryptocurrency by integrating blockchain technology into the existing social media landscape. By rewarding users for their engagement and interactions, Mithril aims to create a decentralized and user-centric social media ecosystem. As the project continues to expand its partnerships and integrations, Mithril has the potential to disrupt the traditional social media industry and redefine the way users interact and monetize their presence on social media platforms.
«Top trading strategy MITH 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 : [‘media’, ‘content-creation’, ‘smart-contracts’]
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.
You can also follow :
- Our top 3 BTC daily trading strategies
- Our 3 best ETH daily trading strategies
- Trade on the best platform: Binance (100USDT offered)