Zeta Markets: Trading With Grok (Final Day)

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17 Oct 2024
153

Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto.

As things wrap up for Epoch 3 on Zeta Markets, we’re also winding down the Trading with Grok series. This experiment, which was little more than a joke actually produced some great results, including quite a bit of green. One of the best parts of the experiment wasn’t the trading though. It was looking deeper into price expectations and market fluctuations that Solana tends to move through during a 24–48 hour period. 

Despite crypto having infamous volatility the reality is that there's plenty of movement for savvy traders to work between should they be willing to analyse and be in tune with some of the market movements. 

Grok’s Final Prediction: Short


Market Conditions

Market conditions would remain strong but varied overnight with SOL maintaining its price point above $150 with little in the way of dips. Despite this, like yesterday our trade timing still allowed a slight move into the green. This means that Grok’s strike rate for the series remains unblemished, with a perfect 100%. 


If we’d had a week of longs we might be telling a different story as that could have been a sheer coincidence. However, having the call turn into a short on the final day means that market and community sentiment was most probably a large factor in accurately predicting which way the price was most likely to move. 


While this was simply a fun experiment, there’s probably plenty to learn about market conditions and variations by running a similar experiment with some tighter rules regarding funding and liquidation. 

Even this experiment ended up being quite educational as while it was Grok making the calls, we still had plenty of information to gain about the current state of the market. 

So all in all, it was a pretty fun project and rather than ending in the red like the expectation was, we ended up with a nice little bonus at the end of the trading week. Which begs the question of course of “what’s next”?

The Last Word: Zeta Markets

Bringing this experiment to life just couldn’t have happened without a reliable and functional trading platform to ensure that all our trades were lodged in a timely fashion with few errors. So a particular shoutout goes to the Zeta team for building a superb platform for users to engage with. 

With the number of future updates planned, the ZEX token is worth some attention. If you aren’t holding any you can buy on all the usual exchanges but the cool thing is that if you don’t want to buy you can earn some as well. 


Zeta has ongoing rewards for it’s most active traders each epoch and there are also plenty of future rewards allocated to Zex stakers as well. So, it’s not too late to get on board and join if you haven’t already. 

More Bad Experiments

Want to see more experiments that focus on trading? You’re in luck because brainstorming is now open for further ideas on another series and your feedback is going to be a part of helping to choose the next direction. So, with that said there are a few options all of which involve playing it a little more risky than we have done in the past.

So should we:

  1. Keep perp trading SOL but with greater leverage and less protection against market fluctuations. 
  2. Move to a different token with different market characteristics and see the type of results we get in comparison to SOL. 
  3. Players Choice: An audience-nominated platform/token. If this is your option, make sure you include details on what you’d specifically like to see. 


To vote head over to Telegram and lodge your results on this poll. We’ll announce the outcome next week. 

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