The DexTradingMasters #4 Edition:
The DexTradingMasters (DTM) competition has broken many records in its 4th edition! The BTC pump lead to impressive gains with MSTR and COIN and had a huge impact on profits, # of transactions and overall results. DTM4 again showcased the creativity, adaptivity and strategies of traders and provided valuable insights into the world of decentralized trading. Let’s delve into the key takeaways from DTM3:
- Variety of Strategies, Striking Gains
DTM4 saw amazing battles and trading strategies, resulting in an astounding average gain of 61% (DTM3: 30.46) in just one month. It demonstrates the determination and adaptability of participants in navigating the volatile world of crypto trading. - The Top Performers
The top ten traders exhibited exceptional skills, achieving an impressive average gain of 108% (DTM3: 73.8%). However, it was the top 5 contenders who truly stole the spotlight, all at least doubling their initial capital and amassing a staggering 192% (DTM3: 151.3) in profits. Our defending champion ManOfTheWoods took home an incredible 323.6%. - New Records
It’s been a record breaking competition in many ways:- Fastest 2x in under 2 weeks by ManOfTheWoods
- Fastest 3x in under 3 weeks by ManOfTheWoods
- Another 3x in under 4 weeks by Voyager
- First 4x in under 4 weeks by ManOfTheWoods
- 5 doubles
- 2 triples
- Highest average gain 61%
- Highest Top 10 average 108%
- Highest number of trades: Voyager at 617
- Lowest number of trades: PapaWutz and Maurice at 2
- Newbie in the Top 5! Congrats Sascha!
- Biggest improvement by a new trader from DTM3 to DTM4: Hdollo from 19th to 8th. (Learning by doing!!) Great job!
- Trading Activity Matters
The correlation between trading activity and gains has shown again! The average number of transactions executed stood at 154, but the top 5 participants took a more active approach, averaging 250 transactions. Conversely, players in positions 5-10 averaged only 39 transactions. This data underscores the significance of active trading in maximizing gains and minimizing losses by swiftly closing unprofitable positions. - Number of Participats
19 competitors entered the DTM4 (DTM3 25) which is a great result considering the hype about the DMC launch prior to DTM4! - Learning Beyond Gains
While the gains are impressive, the true treasure lies in the lessons learned. All traders had the opportunity to practice their skills while at the same time learn from the best. This one month “seminar” cost only 25 dUSD. In addition we’re offering free webinars in German & English language between the Competitions! - What’s Next?
If you missed out on DTM4, fear not! DTM5, is right around the corner, starting on 22.January 2024. Registration opens on 15. January 2024. Bots will continue to be allowed!
Prepare yourself by exploring trading on the Dex through our website, join the webinars and stay connected with us on Twitter, Telegram and YouTube. DTM5 promises to offer exciting prizes from an expanding roster of sponsors.
In conclusion, the DexTradingMasters has once again demonstrated the immense potential and opportunities available in the world of decentralized trading. It’s not just about gains; it’s about knowledge, adaptability, and a community of traders exploring the endless possibilities of decentralized finance.