Since we updated the strategy Athena on Cardano and other top 5 coins in the market. I wanted to share the detailed back-testing results to give more clarity to the users on what to expect going forward.
Here’s how the strategy has performed on Cardano between April 2018 and August 2022
486% Largest winning trade
It might be difficult to comprehend the 4.5 years worth data at a glance, with no real understanding of what really happened. Thus below I have broken it down into two smaller parts to make it more insightful.
April 2018 – August 2020
During this whole period that remained majorly bearish while involving few intermittent recoveries, let’s see how Athena performed.
24% Max Drawdown
At the end of this period, a $1000 initial capital would have grown to $2997
Here are the trades
|Trade||Type||Date||Price||Type||Date||Price||Profit %||Run-up %||Drawdown %|
September 2020 – August 2022
Let’s visualize the performance of Athena on Cardano during this 2 year period involving 1 major bull run and 1 bear run.
23% Max Drawdown
192% Avg Profit
-11% Avg Loss
At the end of these 2 years, a $1000 initial capital would have become $4770
Here are the trades
|No.||Type||Date||Price||Type||Date||Price||Profit %||Run-Up %||Drawdown|
For anyone looking to invest in Cardano, Athena is one of the top strategies. It helps you avoid the high volatility while choosing a more smoother road to crypto investments.
Athena is LONG ONLY strategy that doesn’t uses leverage. It works on SPOT Market & thus has relatively lower risk.
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- Solana Back-testing Results: Athena V21590% Returns in Solana in 2 years, 2x HODL and only in 13 trades. Invest in Solana with Sypto
- Tron Backtesting Results – Athena V279% Profit in 27 Trades across 4 years. 4x HODL returns.
- Polkadot Backtesting Result: Athena V2117% Returns in Polkadot with Athena Strategy by Sypto. 3x compared to HODL.
- Polygon Backtesting Results: Athena V24728% Returns in Polygon in the last 3 years, in Athena strategy by Sypto. in 20 trades only
- Avalanche Backtesting Results: Athena V21279% Returns in 2 years. 3x HODL Returns by Athena strategy of sypto
- Cardano Backtesting Results: Athena V21329% Returns in 4 years in Cardano. Only 26 Trades. 21x HODL returns.
- Ripple Backtesting Results: Athena V2476% Returns in 4 years in only 25 trades. HODL return -31%. Invest Wisely with sypto.xyz
- Ethereum backtesting results: Athena v21369% returns in 4 years, 3x compared to HODL. in 28 trades only. Invest Wisely with sypto.xyz
- Bitcoin Backtesting Results: Athena V21327% Returns in BTC in 32 trades only. 4x Returns when compared to HODL. Invest wisely with sypto
- 2x Improved crypto investment strategy – Athena V2Explaining the upgrade that we did to the original Athena strategy by Sypto.xyz and how it impacts Trades