Home Markets Robot Known for Outperforming Crypto Markets Kicks into High Gear as Bitcoin Tests $20,000

Robot Known for Outperforming Crypto Markets Kicks into High Gear as Bitcoin Tests $20,000

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Robot Known for Outperforming Crypto Markets Kicks into High Gear as Bitcoin Tests $20,000

A trading bot that has earned a reputation for outperforming the markets reveals its latest portfolio allocations as most cryptocurrencies seek to recover from a general downtrend.

Each week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate consensus “hive mind”.

The last of the bot Data reveals that traders’ risk appetite has dropped significantly over the past week, with most market participants voting to overweight their portfolios with 11 altcoins in addition to top crypto assets Bitcoin (BTC) and Ethereum (ETH).

The US dollar coin, pegged to the dollar, took the top spot (USDC) with a boosted allocation of 33%, while last week the altcoin was around 20%.

Four crypto assets tied for second place were voted 22% heavyweight: leading smart contract platform Ethereum, popular cryptocurrency exchange, native token Binance BNBChiliz Sports Fan Token Network (ZCH) and Bitcoin.

“Latest Real Vision Exchange Crypto Survey Results. Risk Reduction Mode. Low Overall % for Overweight Risky Tokens. USDC on #1.

1.USDC 33%

2. Ethereum 22%

3. Binance 22%

4. Chilli 22%

5.Bitcoin 22% »

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Source: Real Vision Bot/Twitter

Tied for sixth place with a 20% increase, decentralized application building protocol Hedera Hashgraph (HBAR) and the Polygon layer 2 scaling solution (MATIC).

The following top digital assets all received an 11% “overweight” allocation: VR world Decentraland (MANA), the scalability and interoperability of the Cosmos ecosystem (ATOM), Enjin Coin, an Ethereum-based blockchain gaming network (ENJ), and the layer-1 smart contract platform Solana (FLOOR).

The last pair of altcoins to receive a 10% heavyweight allocation was the FTX token from the FTX cryptocurrency exchange (FTT) and enterprise interoperability solutions provider Quant Network (ND).

The latest survey-based exchange portfolio allocation is led by USDC at 23.4%, followed by Polygon at 18.8%, Binance and Chiliz at 15.6%, Cosmos and Hedera Hashgraph each at 9, 38%, and finally FTX Token at 7.81%.

The bot itself also compiles a custom portfolio, and Real Vision reports that MATIC leads with 27.9%, followed by BNB and CHZ at 22.6%, and ATOM with 14.8%.

Five digital assets received between 1.5% and 3.5%, including QNT, BTC, ETH, Filecoin decentralized storage network (THREAD), and the Aave Lending and Borrowing Protocol (AAV).

Source: Real Vision

The Real Vision Bot was co-developed by quantitative analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden.

Raoul Pal, founder of Real Vision and expert in macroeconomics, has called the bot’s historical performance is “astonishing,” claiming it outperforms an aggregate bucket of the top 20 crypto assets in the market by more than 20%.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Feature image: Shutterstock/sergeymansurov/Andy Chipus

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