Last update: 02-09-2024
Top trading strategy Metal DAO (MTL) Weekly – Live position:
- Long in progress
- Entry price : 2.118 $
- Pnl : -59.96 %
Trade history
Over 6 months
Complete
«Top trading strategy Metal DAO (MTL) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy MTL 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 MTL
Metal DAO (MTL) is a decentralized autonomous organization that aims to revolutionize the way individuals engage with cryptocurrencies and traditional financial systems. It combines elements of blockchain technology, decentralized finance (DeFi), and user-friendly applications to create a seamless experience for both crypto enthusiasts and newcomers.
One of the key features of Metal DAO is its native cryptocurrency, MTL. MTL is an ERC-20 token that powers the Metal Pay application, which serves as a digital wallet and payment platform. Users can easily buy, sell, and send cryptocurrencies using Metal Pay, making it an accessible gateway for beginners entering the crypto ecosystem.
Through Metal Pay, users can link their bank accounts and safely convert fiat currencies to cryptocurrencies, and vice versa. This functionality eliminates the need for complicated exchanges and time-consuming verification processes, making it easier for individuals to enter the crypto market.
Metal DAO also focuses on rewarding its users through a gamified loyalty program called Pop. Users can earn Pop tokens by completing certain activities within the Metal Pay app, such as sending money to friends or making purchases with participating merchants. These Pop tokens can then be used to redeem various rewards, creating an incentivized ecosystem that encourages users to engage with the platform.
Furthermore, Metal DAO is constantly expanding its offerings to provide a wider range of financial services. With the introduction of Metal Pay Pro, users can access features like direct deposits, bill pay, peer-to-peer lending, and high-yield savings accounts. The platform also plans to launch a decentralized exchange (DEX) to enable users to trade cryptocurrencies directly.
Metal DAO’s approach to DeFi decentralizes financial systems and empowers individuals to take control of their finances. By leveraging the security and transparency of blockchain technology, Metal DAO ensures that users’ funds are protected and their transactions are verifiable. Through the integration of DeFi protocols, Metal DAO aims to create a more inclusive and accessible financial system that is not limited by traditional banking systems or intermediaries.
In conclusion, Metal DAO (MTL) is a crypto project that provides a user-friendly platform, Metal Pay, for easy cryptocurrency transactions and seamless integration with traditional financial systems. By offering rewards through their loyalty program, Pop, Metal DAO incentivizes users to engage with the platform. With the expansion of services and planned developments such as a DEX, Metal DAO is well-positioned to bring decentralized finance to a wider audience, revolutionizing the way individuals interact with cryptocurrencies and traditional banking.
Strategy details
«Top trading strategy MTL 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 : [‘medium-of-exchange’, ‘payments’]
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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