Avalanche Backtesting Results: Athena V2

1279% Returns in 2 years. 3x HODL Returns by Athena strategy of sypto

Ever since we upgraded the strategy Athena on Avalanche and other top 5 coins in the market, I wanted to share a detailed back-testing result with you all so that you know what to expect in future.

Here’s how the strategy performed on Avalanche between September 2020 & August 2022

Avalanche (AVAX) Highlights

1279%
Net Profit

95%
Max Runup

11
Trades

475%
HODL Return

828%
Largest Win

210% Average Winning Trade

Avalanche being a relatively newer coin, we can take a look at its past 2 years history together in one go.

September 2020 – August 2022

Since its launch around $3.5 AVAX witnessed a bull run for about an year reaching up to $147 mark by Nov’ 2021 after which it went through a lot of fluctuations before setting in for a Bearish trend that saw its value getting eroded while settling around $20 levels.

During these 2 years, a $1000 initial capital would have grown to $13816

Here are the trades

TradeTypeDatePriceTypeDatePriceProfit %Run-up %Drawdown %
1Buy23/12/2020$3.61Sell24/12/2020$2.91-19.392.3219.39
2Buy01/01/2021$3.61Sell20/02/2021$33.5827.981570.4610.57
3Buy14/04/2021$39.3Sell18/04/2021$30.86-21.483.7121.48
4Buy07/05/2021$40.76Sell19/05/2021$30.73-24.617.6727.16
5Buy06/08/2021$14.23Sell31/08/2021$40.3183.2314.460
6Buy11/09/2021$58.98Sell06/10/2021$61.113.6135.319.19
7Buy03/11/2021$73.41Sell28/11/2021$101.3138.01100.251.74
8Buy16/02/2022$95.5Sell21/02/2022$76.14-20.273.4220.27
9Buy19/03/2022$90.8Sell06/04/2022$89.27-1.6914.129.46
10Buy16/07/2022$21.12Sell26/07/2022$20.59-2.5124.912.6
11Buy06/08/2022$26.38Sell17/08/2022$26.60.8317.12.12

Conclusion

For anyone looking to invest in Avalanche, Athena is one of the top strategies if they want to avoid the high volatility and choose a more smoother road to their crypto investments.
Athena is LONG ONLY & doesn’t use leverage. It Works on SPOT Market thus has a relatively lower risk.

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