Grobis and etc. (2020) studied a simple moving average trading strategy using daily data on prices for 11 of the most traded cryptocurrencies for time 2016-2018. The results demonstrated that, except bitcoin, the <a href=https://spgaex.processus.edu.br/2025/05/18/understanding-crypto-spot-trading-a-beginner-s-2/>https://spgaex.processus.edu.br/2025/05/18/understanding-crypto-spot-trading-a-beginner-s-2/</a>'s rules of cryptographic trading provided an excess yield of in the amount of 8.76% year-on-year after taking into account the average market yield.