Crypto Short News

New token-set introduced by Ethereum DeFi’s Set Protocol

The ETH50SMACO Set is now live on TokenSets

Ethereum DeFi project, Set Protocol, has announced the 50-day moving average strategy on August 30, 2019. It is termed as ETH50SMACO (ETH 50 Day Moving Average Crossover Set ). ETH50SMACO automatically rebalances when the price of ETH crosses the 50 Day Simple Moving Average (50 SMA). If price of Ethereum crosses but stays below 50 SMA, ETH50SMACO rebalances itself into Cash. If the price stays above 50 SMA, ETH50SMACO rebalances back to ETH. These scenario helps to show the downtrend or uptrend in a trend reversal. Set Protocol had previously launched TokenSet with the 20-day moving average.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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