Last update: 22-01-2024
Top trading strategy Shiba Inu (SHIB) Weekly – Live position:
- Short in progress
- Entry price : 9.02e-06 $
- Pnl : 3.88 %
Trade history
Over 6 months
Complete
«Top trading strategy Shiba Inu (SHIB) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy SHIB 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 SHIB
Shiba Inu (SHIB) has emerged as a popular cryptocurrency in recent times, capturing the attention of investors and enthusiasts alike. As a decentralized meme token inspired by the iconic Shiba Inu dog breed, SHIB has gained significant traction due to its unique marketing approach and its association with the broader cryptocurrency ecosystem.
One of the key factors contributing to SHIB’s popularity is its community-driven nature. Similar to other meme coins, SHIB was developed by an anonymous individual or group known as “Ryoshi” on the Ethereum blockchain. This decentralized approach empowers the SHIB community to actively shape the token’s trajectory, fostering a sense of ownership and involvement among its holders.
Moreover, SHIB has received attention due to its philanthropic initiatives. Built on the concept of “ShibaSwap,” an upcoming decentralized exchange, SHIB aims to create a platform that nurtures both the financial growth of its community members and the betterment of society. The token’s success has also allowed the team to launch “Shiba Inu Rescue,” which supports animal rescue organizations worldwide, further appealing to animal lovers and generating goodwill towards the project.
While SHIB has undoubtedly garnered attention, it is important to note the speculative nature of the token. Like many meme coins, SHIB’s value primarily seems to be driven by market sentiment and hype, rather than underlying fundamental factors. This implies that its price volatility can be substantial, making it an investment option that demands caution and thorough research.
Additionally, SHIB’s association with the broader cryptocurrency ecosystem must be considered. It primarily operates on the Ethereum blockchain, utilizing smart contracts to execute transactions. This interoperability ensures that SHIB can benefit from the developments and advancements in the Ethereum network, while also being subject to its limitations, such as potential scalability issues.
In conclusion, Shiba Inu (SHIB) has emerged as a noteworthy cryptocurrency due to its community-driven nature, meme-inspired marketing, and philanthropic initiatives. However, investors should exercise caution given its speculative nature and understand its relationship with the Ethereum blockchain. As with any investment in the crypto space, thorough research and risk assessment are crucial before considering involvement with SHIB or any other cryptocurrency.
Strategy details
«Top trading strategy SHIB 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 : [‘memes’, ‘ethereum-ecosystem’, ‘doggone-doggerel’]
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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