Last update: 02-09-2024
Top trading strategy NKN (NKN) Weekly – Live position:
- Open short
- Entry price : 0.063 $
- Pnl : %
Trade history
Over 6 months
Complete
«Top trading strategy NKN (NKN) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy NKN 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 NKN
NKN (New Kind of Network) is a revolutionary cryptocurrency that aims to provide a decentralized and open-source network for internet communication. It seeks to address the limitations of existing internet protocols by creating a highly-scalable, secure, and permissionless network infrastructure.
The core concept of NKN is to utilize blockchain technology to establish a distributed network that can facilitate efficient and secure data transmission. By leveraging the power of blockchain, NKN aims to offer an alternative to traditional internet protocols that are centralized, vulnerable to breaches, and lack transparency.
One of the key features of NKN is its ability to create a decentralized and self-evolving network infrastructure. This means that the network can adapt and optimize itself based on the usage patterns and requirements of the users. With this dynamic approach, NKN aims to ensure fast and reliable data transmission while efficiently utilizing network resources.
NKN also places a strong emphasis on privacy and security. By utilizing encryption techniques, it ensures that user data remains secure and cannot be accessed by unauthorized entities. Additionally, NKN utilizes a unique consensus mechanism called Proof of Relay (PoR) which rewards network participants who contribute to relaying data traffic. This incentivizes users to actively participate in maintaining and securing the network.
The NKN cryptocurrency, also known as NKN token, plays a vital role in the network ecosystem. Users can earn NKN tokens by participating in the network as relayers, miners, or by providing other network services. These tokens can then be used to access various network resources or exchanged for other digital assets.
NKN has garnered significant attention within the blockchain community and has garnered partnerships with prominent technology companies such as Google, China Mobile, and the NEO Foundation. These partnerships highlight the potential of NKN to revolutionize internet communication and improve the reliability and security of network infrastructure.
In conclusion, NKN is a promising cryptocurrency that aims to provide a decentralized and open-source network for internet communication. With its focus on scalability, privacy, and security, NKN has the potential to disrupt the traditional internet protocols and create a more efficient and reliable network infrastructure. As the world becomes increasingly reliant on digital communication, NKN’s innovative approach has the potential to reshape the future of internet connectivity.
Strategy details
«Top trading strategy NKN 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 : [‘mineable’, ‘platform’, ‘enterprise-solutions’, ‘distributed-computing’, ‘iot’, ‘web3’]
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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