Ever since we upgraded the strategy Athena on Solana 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 Solana between August 2020 & August 2022
Solana (SOL) Highlights
1590%
Net Profit
96%
Max Runup
13
Trades
896%
HODL Return
274%
Largest Win
24%
Largest Loss
Solana being a relatively newer coin, we can take a look at its past 2 years history together in one go.
August 2020 – August 2022
At the end of 2 years, a $1000 initial capital would be $16959
Here are the trades
| Trade | Type | Date | Price | Type | Date | Price | Profit % | Run-up % | Drawdown % |
| 1 | Buy | 12/08/2020 | $3.53 | Sell | 18/08/2020 | $2.84 | -19.55 | 17.24 | 19.55 |
| 2 | Buy | 24/08/2020 | $3.53 | Sell | 04/09/2020 | $3.24 | -8.22 | 40.16 | 15.01 |
| 3 | Buy | 01/01/2021 | $1.81 | Sell | 22/01/2021 | $2.96 | 63.54 | 130.39 | 5.44 |
| 4 | Buy | 30/01/2021 | $4.17 | Sell | 17/03/2021 | $13.19 | 216.31 | 336.58 | 1.5 |
| 5 | Buy | 22/03/2021 | $16.5 | Sell | 25/03/2021 | $13.03 | -21.03 | 0.55 | 21.03 |
| 6 | Buy | 27/03/2021 | $16.59 | Sell | 18/04/2021 | $24.7 | 48.88 | 80.41 | 1.72 |
| 7 | Buy | 19/04/2021 | $32.33 | Sell | 10/05/2021 | $41.42 | 28.12 | 54.62 | 10.89 |
| 8 | Buy | 16/05/2021 | $49.25 | Sell | 19/05/2021 | $37.43 | -24 | 18.54 | 24 |
| 9 | Buy | 05/08/2021 | $38.1 | Sell | 17/09/2021 | $142.6 | 274.28 | 466.93 | 6.53 |
| 10 | Buy | 21/10/2021 | $177.79 | Sell | 16/11/2021 | $217.5 | 22.34 | 46.18 | 0.48 |
| 11 | Buy | 27/03/2022 | $106.43 | Sell | 08/04/2022 | $112.1 | 5.33 | 34.84 | 1.14 |
| 12 | Buy | 16/07/2022 | $39.72 | Sell | 25/07/2022 | $38.29 | -3.6 | 19.23 | 3.6 |
| 13 | Buy | 13/08/2022 | $47.36 | Sell | 19/08/2022 | $39.51 | -16.58 | 2.15 | 17 |
Conclusion
For anyone looking to invest in Solana, 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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