Robot known for outperforming crypto markets shifts into new gear as Bitcoin tests $20,000
A trading robot that has gained a reputation for outperforming the markets reveals its latest portfolio allocation 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 a “hive mind” consensus.
The pen’s last data reveals that traders’ risk appetite has dropped significantly from a week ago, with most market participants voting to overweight their portfolios with 11 altcoins in addition to top crypto assets Bitcoin (BTC) and Ethereum (ETH).
The dollar-pegged stablecoin US Dollar Coin (USDC) rose into first place with a 33% increased allocation, while last week the altcoin was up around 20%.
Four runner-up cryptoassets are named 22% heavyweight: leading smart contract platform Ethereum, popular cryptocurrency exchange Binance’s native token BNB, sports fantasy token network Chiliz (CHZ), and Bitcoin.
“Latest Real Vision Exchange Crypto Survey Results. Risk Out Mode. Low Total % to Overweight Risky Tokens. USDC at #1.”
1. USDC 33%
2. Ethereum 22%
3. Binance 22%
4. Chillies 22%
5. Bitcoin 22%”
Tied for sixth place with a 20% boost were decentralized application creation protocol Hedera Hashgraph (HBAR) and layer-2 scaling solution Polygon (MATIC).
The following prominent digital assets all received an “overweight” allocation of 11%: virtual reality world Decentraland (MANA), scalability and interoperability ecosystem Cosmos (ATOM), Ethereum-based blockchain gaming network Enjin Coin (ENJ), and layer-1 smart contract platform Solana (SOL).
The latest altcoin pair to receive a 10% heavyweight allocation was FTX cryptocurrency exchange FTX Token (FTT) and enterprise-class interoperability solutions provider Quant Network (QNT).
The latest survey-based exchange portfolio allocation is led by USDC at 23.4%, followed by Polygon at 18.8%, both 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 customized portfolio, and Real Vision reports that MATIC leads with 27.9%, followed by BNB and CHZ both with 22.6%, and ATOM with 14.8%.
Five digital assets received between 1.5% and 3.5%, including QNT, BTC, ETH, decentralized storage network Filecoin (FIL) and lending and borrowing protocol Aave (AAVE).
Real Vision Bot was developed by quant analyst and hedge fund manager Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macroeconomics expert Raoul Pal has called the bot’s historical performance “amazing,” saying it outperforms a combined bucket of the top 20 cryptoassets on the market by more than 20%.
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Featured image: Shutterstock/sergeymansurov/Andy Chipus
