Steemit Crypto Academy Contest / S16W1 [SUMMARY]: Cross-Asset Correlation Analysis
Introduction
Hello dear Steemiens,
I hope you are all well and have had a successful week. Today, we are excited to bring you a full recap of the competition which took place from February 26 to March 3, 2024, marking the launch of the sixteenth season of the Steemit Engagement Challenge. The event went off without a hitch, and this was a result of the exemplary professionalism demonstrated by our academy team. Their significant contribution greatly contributed to the overall success and smooth running of the competition.
Our main goal with this report is to give you a detailed overview of the data and feedback we collected during this period, with a particular focus on your dynamic participation in the community competition organized by the Steemit Crypto Academy. The main purpose of this competition was to assess your knowledge in the general areas of cryptocurrency and blockchain technology.
During this week, the competition explored Cross-Asset Correlation type analyses. We encouraged attendees to dive into the basics of this topic by examining its applications in today's crypto market.
As part of this competition, our esteemed participants were entrusted with the following missions:
Explain the concept of cross-asset correlation and its significance in portfolio management. How does understanding correlations between different cryptocurrency assets contribute to effective diversification strategies?
Explore how cross-asset correlations change during bullish and bearish market conditions. How can traders leverage this knowledge to adapt their portfolio strategies based on the overall market sentiment?
Explain how understanding cross-asset correlations can be utilized for effective risk management and portfolio diversification. Provide examples of how allocating assets with low or negative correlations can help mitigate overall portfolio risk.
Explore the historical correlation patterns between STEEM and other major cryptocurrencies, such as Bitcoin and Ethereum. How have these correlations evolved over time, and what insights can traders draw from STEEM's behavior in relation to the broader market?
We are extremely pleased with the exceptional quality of content presented in the entries, reflecting the dedication and expertise demonstrated by all participants. It should be noted that some members made their debut during this first edition of our cryptocurrency competitions, thus marking a significant step by offering them a valuable introduction to our platform and our community.
The varied perspectives brought by these newcomers enriched the overall competition experience, highlighting the inclusive and friendly nature inherent to our engagement initiatives.
Given the success of this competition, we look forward to discovering more talents over the coming seasons. The participation of new members has not only expanded our contributor base, but also highlighted the potential for continued growth and development within our community.
Without further ado, let's explore the statistical data and express our gratitude, thereby providing insight into the quantitative aspects of the competition and demonstrating our sincere appreciation to all participants for their valuable contributions.
Participation statistics
We received a grand total of 20 submissions for the contest, and unfortunally, there was one deemed plagiarized by using Chatgpt.
| Total number of entries | Invalid entry | Plagiarized content |
|---|---|---|
Detailed analysis of this week's performance revealed several notable observations. More specifically, five publications stood out by obtaining the Excellent rating, representing a significant share of 25% of the total applications evaluated.
In addition, half of the participants, or 50%, were rated Good quality.
However, it is essential to emphasize the importance of preserving the transparency and integrity of the competition. Unfortunately, one post was reported for plagiarism due to the use of Chatgpt. This incident highlights the critical need to maintain high ethical standards and promote originality within our community.
In summary, this in-depth assessment not only highlights the richness and diversity of participants' performances, but also draws attention to specific areas requiring attention. It provides valuable information for continued development, with a focus on encouraging excellence and promoting inclusion within our community.
Top 3 users of the week
In our evaluation process, we began by assessing the quality of participants' performances, placing particular emphasis on their interactions with fellow contestants.
In selecting the top 3 participants, we took into account both their performance scores and their engagement levels. Furthermore, a separate consideration was made based on an article that delivered exceptional content relevant to the topic of discussion. Below, you will discover the top 3 users we have recognized for their outstanding contributions this week.
| Ranking | Username | Article |
|---|---|---|
| 1 | @sahmie | Link |
| 2 | @el-nailul | Link | 3 | @starrchris | Link |
Perspectives
We extend our sincere gratitude for your consistent and dedicated participation. Congratulations to those who have excelled in this week's rankings; your tireless efforts and dedication are truly praiseworthy. Witnessing the heightened standards of quality and engagement that each of you contributes to our competitions is both motivating and inspiring.
As we forge ahead, we encourage you to continue fostering a spirit of collaboration and excellence among your fellow participants. Your contributions not only enhance the overall experience but also contribute significantly to the vibrant community we aspire to build.
Looking forward, we are enthusiastic about the prospect of your ongoing engagement in our upcoming contests. Your passion and commitment play a pivotal role in the success of our competitions, and we highly appreciate the positive influence you bring to our community. Thank you once again for being an integral part of our journey, and we eagerly look forward to witnessing your sustained success in the exciting challenges that await.
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Many many congratulations to the winners here. @sahmie, @el-nailul and @starrchris you have done great job by providing us a very much brief information about topic.
It is crucial to emphasize the importance of patience and rigor in the evaluation process, especially when it comes to judging participants' work. Following @iqrarana786's remark, it is essential to conduct thorough investigations before arbitrarily accusing anyone. The attribution of responsibilities and merits must be based on objective and fair assessments.
It is claimed that @starrchris' work was named before being reviewed, underscoring a commitment to transparency and fairness. However, some disruptions in the work of the platform hindered your full viewing of this assessment. Resolving these disruptions is essential to ensure a transparent and accessible assessment process for all.
As for @sahmie, the participant deserves special recognition and a perfect score of 10/10 for his exceptional work at the academy. This recognition highlights the quality and relevance of the content provided by the participant, making them an example to follow for other members of the community.
The call for competition among participants from the Pakistani community is an invitation to excellence. Healthy rivalry can boost creativity and productivity, benefiting the entire platform. The warm welcome from the Pakistani community and all participants reinforces diversity and inclusion within the academy, fostering a dynamic learning environment.
In conclusion, it is essential to promote patience, rigor and transparency in your judgment. Recognizing and rewarding merit, as illustrated by @sahmie's exceptional performance, helps strengthen the quality of content produced within the platform. By encouraging healthy competition, the platform can benefit from continued growth and a diversity of ideas and perspectives. Let us accept this progress with enthusiasm and support the community as a whole.
Hey @iqrarana786.
What the professor said was true, the professor first saw my post roughly more than 24more from now, also we all are aware on the challenges faced on steemit platform where post stay for roughly 2 hours before actually reflecting on the platform. In some cases post refuses to Post. Infact i want to add an image but i can't untill it probably it stabilizes
Lastly, numerous Pakistans win crypto academy, I have also experienced a contest whereby a Pakistan contestant posted an hour before the deadline and still emerged winner. No one complained because we all know winners are chosed from the quality of the post and their engagement not from time. If you read rules well you will discover you can post an entry by11:50 and still win because your post qualified by beating the deadline hour
We all are friends and family, we shouldn't spread hate and favoritism, especially among nations. Please with i due respect i would advise u to confirm before laying false accusations. They really try so therefore they should be honored not accused falsely.
Wellcome man you covered everything
Well explained
Hello @iqrarana786
Why do you feel so disadvantaged when you are not involved in this challenge? Please be aware that SteemitCryptoAcademy is a community that is consistent with their vision and theme, so every month they are chosen to host a Steemit Engagement Contest.
I think the three selected participants have made an effort to write high-quality posts about their understanding of crypto so they were selected as winners, even though one of the participants @sahmie has already received a prize vote.
Your argument against the community choosing its own people is not correct, due to the fact that they come from three different countries.
You should also learn more about the Steemit Engagement Contest, this contest is an official contest held by the Steemit Team, in this contest participants compete to write quality posts and participants must also engage with each other to leave positive comments on other participants. To see how their engagement is you can use this application https://s7ventech.com/steem/
Hopefully this message can help answer your problem, before you get an answer from @steemcurator01.
And others are not doing hard work?????
Some students are good some are Average,very good but few are exceptional @sahmie is one of the exceptional student even if I spent my whole life I can't able to write like him I am not blaming anyone
Don't divert attention I don't want to hurt anyone or discourage just shared my point of view
😲😲😲, i really appreciate dear Prof. This would inspire me to work harder. Congratulations to all winners.
@el-nailul
@sahmie
Many many congratulations to winner of this week and in this week which is currently going on which was about the topic STEEM blockchain privacy,I got a good rate so I am very hopeful to win this week...
Let's see 🙈😜