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
During these 2 years, a $1000 initial capital would have grown to $13816
Here are the trades
| Trade | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 23/12/2020 | $3.61 | Sell | 24/12/2020 | $2.91 | -19.39 | 2.32 | 19.39 |
| 2 | Buy | 01/01/2021 | $3.61 | Sell | 20/02/2021 | $33.5 | 827.98 | 1570.46 | 10.57 |
| 3 | Buy | 14/04/2021 | $39.3 | Sell | 18/04/2021 | $30.86 | -21.48 | 3.71 | 21.48 |
| 4 | Buy | 07/05/2021 | $40.76 | Sell | 19/05/2021 | $30.73 | -24.61 | 7.67 | 27.16 |
| 5 | Buy | 06/08/2021 | $14.23 | Sell | 31/08/2021 | $40.3 | 183.2 | 314.46 | 0 |
| 6 | Buy | 11/09/2021 | $58.98 | Sell | 06/10/2021 | $61.11 | 3.61 | 35.3 | 19.19 |
| 7 | Buy | 03/11/2021 | $73.41 | Sell | 28/11/2021 | $101.31 | 38.01 | 100.25 | 1.74 |
| 8 | Buy | 16/02/2022 | $95.5 | Sell | 21/02/2022 | $76.14 | -20.27 | 3.42 | 20.27 |
| 9 | Buy | 19/03/2022 | $90.8 | Sell | 06/04/2022 | $89.27 | -1.69 | 14.12 | 9.46 |
| 10 | Buy | 16/07/2022 | $21.12 | Sell | 26/07/2022 | $20.59 | -2.51 | 24.91 | 2.6 |
| 11 | Buy | 06/08/2022 | $26.38 | Sell | 17/08/2022 | $26.6 | 0.83 | 17.1 | 2.12 |
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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