Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June
A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff.
Crypto-Trading Hamster Performs Better Than S&P 500, BitcoinA cryptocurrency-trading hamster that streams trading signals through Twitch has been on a roll since June, outperforming fellow human traders and Bitcoin, with impressive gains of 24% over its starting portfolio. The rodent, called Mr. Goxx, uses a simple system built on top of an infrastructure called the goxx box, that allows him to pick a cryptocurrency and send a signal to the traders.
The system (devised by Mr. Goxx’s human caretaker) uses a hamster wheel to pick a cryptocurrency, and two tubes which the cute trader crawls through then indicate if the selected cryptocurrency must then be bought or sold. The cryptocurrency portfolio of Mr. Goxx includes tron, xrp, cardano, and ether, among 30 other cryptocurrencies. Its portfolio started with $390 back in June and has increased to $498. Also, Mr. Goxx uses Twitter to report his portfolio movements, informing fans about the sales and performance of every trading session that Mr. Goxx engages in via his “office.”
Impressive Following & Holding TronThe trading hamster has an audience of more than 3K followers on Twitch, being one of the cryptocurrency-related channels that stands out in a gaming-dominated platform. Mr. Goxx reached peak earnings before the recent cryptocurrency selloff when he attained more than 50% of his initial portfolio.
However, even with all its positive returns, Mr. Goxx’s anonymous caretaker has still not gained the funds to pay for the initial investment that built the goxx box. The caretaker told Protos in an interview that:
Mr. Goxx is happy to see that some of his investments finally pay off.
Mr. Goxx has also shown an interesting preference for Justin Sun’s tron. It is currently the biggest bag held in the hamster’s portfolio. Mr. Goxx has never sold tron. Mr. Goxx’s current portfolio also includes stellar, ether, bitcoin, and xrp.
What do you think about the impressive trading performance of Mr. Goxx compared to other popular financial indexes? Tell us in the comments section below.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin, Ether ETFs draw $3B in strongest inflow week since October
The strong inflows into Bitcoin and Ether ETFs highlight renewed investor confidence, potentially stabilizing the volatile crypto...
Bitcoin and ether ETFs draw $2.6 billion in strongest inflow week since October, tripling volume
Combined ETF weekly trading volume more than tripled to $29 billion as bitcoin and ether prices rallied, though both categories ar...
Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out
Bitcoin Magazine Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out Bitcoin continued its rise on Frid...
The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange. Almost three months later, on Aug. 18, the...
Binance bStocks and xStocks account for 70% of DEX trading volume in tokenized equities
The dominance of Binance's bStocks in tokenized equities trading highlights the potential for decentralized finance to reshape tra...
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
Foreign investors sent a net $133.5 billion into US financial markets in June. During the same month, they sold $29 billion of Tre...