Last update: 22-01-2024

Top trading strategy Siacoin (SC) Weekly – Live position:

  • No position

Trade history

Over 6 months

Trade history for the 6 last months of the top trading strategy Siacoin (SC) Weekly


Complete trade history of the top trading strategy Siacoin (SC) Weekly

«Top trading strategy Siacoin (SC) Weekly» vs Buy & Hold ?

For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy SC 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

Portfolio top stratégie Siacoin (SC) Weekly

Annual comparison of cumulative returns with Buy & Holds

Annual comparison of cumulative returns with Buy & Hold of top trading strategy Siacoin (SC) Weekly

Heatmap of monthly returns

Heatmap of monthly returns of the top trading strategy Siacoin (SC) Weekly

Distribution of the monthly returns of the top strategy

Distribution of the monthly returns of the top trading strategy Siacoin (SC) Weekly

Presentation of SC

Siacoin (SC) is a cryptocurrency that operates on the Sia network, which aims to provide decentralized cloud storage services. It functions as a utility token within the Sia ecosystem, facilitating transactions for storage space and rewarding storage providers.

One of the key features of Siacoin is its decentralized nature, which sets it apart from traditional cloud storage providers. The Sia network utilizes blockchain technology to create a peer-to-peer marketplace for storage services, reducing the reliance on centralized entities. This decentralized approach enhances security, as data is stored across multiple nodes, making it less vulnerable to hacking or data breaches.

Siacoin operates on a unique protocol called the Proof of Work (PoW) algorithm, known as Blake2b. This algorithm facilitates the secure and efficient validation of transactions on the Sia blockchain. Miners contribute their computing power to solve complex mathematical puzzles, earning Siacoins as a reward. This mechanism not only ensures the security of the network but also incentivizes participants to maintain and operate the decentralized storage infrastructure.

Another notable aspect of Siacoin is its cost-effectiveness compared to traditional cloud storage providers. By eliminating the need for intermediaries and leveraging excess storage capacity from individuals, the Sia network offers storage services at a fraction of the price offered by centralized providers. This affordability factor makes it an attractive option for individuals and businesses alike, looking to store large amounts of data at a lower cost.

Furthermore, Siacoin aims to address the issue of data redundancy and privacy by implementing server-side encryption. This ensures that only the owner of the data has access to their files, enhancing privacy and reducing the risk of unauthorized access.

Siacoin’s potential applications are vast. It can be utilized by individuals looking to secure their personal data, businesses seeking a cost-effective and reliable storage solution, or developers seeking a platform for building decentralized applications (dApps). As the demand for cloud storage continues to grow, Siacoin presents a promising solution in an industry dominated by centralized giants.

In conclusion, Siacoin is a cryptocurrency that powers the Sia network, providing a decentralized and cost-effective storage solution. Its unique features, such as the Proof of Work algorithm, server-side encryption, and affordability, differentiate it from traditional cloud storage providers. With its potential applications and growing demand for decentralized solutions, Siacoin presents an intriguing option for individuals, businesses, and developers seeking secure and affordable storage services.

Strategy details

«Top trading strategy SC 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’, ‘pow’, ‘blake2b’, ‘platform’, ‘distributed-computing’, ‘filesharing’, ‘storage’, ‘dragonfly-capital-portfolio’, ‘fenbushi-capital-portfolio’, ‘paradigm-portfolio’, ‘web3’, ‘near-protocol-ecosystem’]

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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