A robot that has earned a reputation for outperforming the markets is revealing its latest altcoin allocations as most cryptocurrencies give up their recent gains.
Each week, the Real Vision Bot conducts surveys to generate algorithmic portfolio evaluations that reveal a “hive mind” consensus.
The bot is the newest data finds that traders’ risk appetite remains aggressive, with most market participants voting to overweight their portfolios with 21 altcoins in addition to crypto stalwarts Bitcoin (BTC) and Ethereum (ETH) both at 67%.
“Latest Crypto Survey Results from RealVision Exchange. Cardano, Chainlink and Polygon surprise with the same percentage of overweight votes.
2. Ethereal 67%
3. Cardan 50%
4. Chain link 50%
5. Polygon 50%”
A fraction below 50% was supply chain management blockchain VeChain (VETERINARY), and tied for seventh place with an increased allocation of 30%, were the native token of Binance, the popular cryptocurrency exchange bnbPolkadot interchain interoperability protocol (POINT) and the peer-to-peer decentralized cryptocurrency Litecoin (LTC).
Participants also voted 14 other prominent digital assets as “overweight” by nearly 20%, including decentralized app building protocol Hedera Hashgraph (HBAR), provider of enterprise-grade interoperability solutions Quant Network (QNT), distributed ledger XRPFilecoin decentralized storage network (IDF), decentralized payment network Stellar (XLM), competitor of Ethereum Solarium (SOL), Loan Protocol and Aave Loans (AAVE), enterprise-grade blockchain platform Fantom (FTM), Cosmos scalability and interoperability ecosystem (ATOM), layer 1 smart contract platform Avalanche (AVAX), FTX cryptocurrency exchange token FTX (FTT), SushiSwap automated market maker (sushi), dollar-pegged stablecoin US dollar currency (USDC), and the virtual reality world Decentraland (MANNA).
The latest survey-based exchange wallet allocation is led by Chainlink at 17.1%, followed by Ethereum at 14.3%, Polygon at 12.2%, Bitcoin at 11.9% and Polkadot at 8.57%. Another eight crypto assets landed at an allocation of between 2% and 7%.
The bot itself also compiles a portfolio for itself, and Real Vision grades the four digital assets that account for nearly 75% of their weekly holdings.
“Last weights of the RealVision Exchange crypto portfolio. The rebalancing took place on Saturday. Chainlink’s weight was surprising in the Exchange portfolio.
The Bot adheres to Ethereum, Polygon, Bitcoin, and Binance.”
Real Vision Bot was co-developed by quantitative analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macroeconomics expert Raoul Pal has I call the historical performance of the bot is “astonishing”, saying that it outperforms an aggregate group of the top 20 crypto assets in the market by more than 20%.
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Featured Image: Shutterstock/Dai Yim