Last update: 20-11-2023
Top trading strategy TomoChain (TOMO) Weekly – Live position:
- No position
Over 6 months
«Top trading strategy TomoChain (TOMO) Weekly» vs Buy & Hold ?
For this comparison we started from an initial portfolio of $1000 allocated to the «Top trading strategy TOMO 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 TOMO
TomoChain (TOMO) is a cryptocurrency that aims to address the scalability issues faced by many blockchain platforms. It utilizes a novel consensus mechanism called “proof of stake voting” to achieve fast transaction confirmation and low fees. The project also places a strong emphasis on interoperability, allowing for seamless integration with other blockchains.
One of the key features of TomoChain is its ability to process a high number of transactions per second. This is achieved through a unique design that includes a master chain and multiple smaller chains called “shards.” Each shard is responsible for maintaining a subset of the network’s transactions and can process them in parallel, significantly increasing the overall scalability of the platform.
In terms of security, TomoChain ensures the integrity of the network through a decentralized consensus mechanism. Validators are selected through a proof of stake voting process, where token holders have the power to vote for validators and participate in the decision-making process. This approach not only increases the security of the network but also allows token holders to actively participate and contribute to the growth of the ecosystem.
Interoperability is another area where TomoChain shines. The platform is compatible with Ethereum, which means that developers can easily port their decentralized applications (dApps) from Ethereum to TomoChain without much effort. This opens up opportunities for developers to tap into TomoChain’s scalable infrastructure while still benefiting from Ethereum’s large user base and ecosystem.
In addition to its technical prowess, TomoChain also focuses on fostering a strong community and ecosystem. It has launched numerous initiatives to incentivize developers, validators, and users to actively participate in its network. This includes programs like the TomoChain Ambassador Program and events like Hackathon, designed to promote awareness and adoption of the platform.
Overall, TomoChain aims to address scalability, security, and interoperability challenges in the blockchain space. Its innovative consensus mechanism, emphasis on community participation, and seamless integration with Ethereum make it a promising project with potential for long-term growth.
«Top trading strategy TOMO 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 : [‘platform’, ‘alameda-research-portfolio’, ‘injective-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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