Robot known for beating crypto markets allocates to Ethereum (ETH), Cardano (ADA) and additional ETH rivals
A trading robot with a reputation for outperforming the markets is revealing its latest portfolio allocations as most cryptocurrencies try to recover from a weekend dip.
Each week, the Real Vision Bot conducts surveys while compiling algorithmic portfolio assessments to arrive at a “hive mind” consensus.
The bot is the freshest data finds that traders’ risk appetite has fallen slightly from a week ago, with most market participants voting to overweight their portfolios with 19 altcoins in addition to crypto-stable Ethereum (ETH) at 36% and Bitcoin (BTC) at 33%.
In third place with a 30% heavyweight allocation was tier-1 smart contract platform Solana (SOL), fellow ETH contender Cardano (ADA), as well as enterprise-class interoperability solution provider Quant Network (QNT).
“Latest results from the RealVision Exchange crypto survey. Lots of neutrality, not massive conviction to overweight. QNT comes to top #5.
1. Ethereum 36%
2. Bitcoin 33%
3. Solana 30%
4. Cardano 30%
5. Quant Network 30%”
Cross-chain interoperability protocol Polkadot (DOT) took sixth place with a 20% preponderance followed by decentralized oracle network Chainlink (LINK), layer-2 scaling solution Polygon (MATIC) and decentralized network Algorand (ALGO) all at 15%.
Popular cryptocurrency exchange Binance’s native token BNB rounds out the top 10 with a 10% increased allocation.
Lending and lending protocol Aave (AAVE) and play-to-earn fighting game Axie Infinity (AXS) each gained 8% more weight, followed by half a dozen altcoins at 7%: dollar-pegged stablecoin US Dollar Coin (USDC), enterprise-grade blockchain platform Elrond (EGLD), FTX cryptocurrency exchange FTX Token (FTT), layer-1 smart contract platform Avalanche (AVAX), scalability and interoperability ecosystem Cosmos (ATOM), and decentralized application creation protocol Hedera Hashgraph (HBAR).
Rounding out the list of cryptoassets with a 5% overweight share are distributed ledger XRP, enterprise-grade blockchain platform Fantom (FTM) and decentralized payment network Stellar (XLM).
The latest survey based exchange portfolio allocation is led by Cardano at 18.9%, followed by Quant Network at 17.7%, Bitcoin at 11.8%, FTX Token at 10.1% and Ethereum at 9.45%. Tied at 8.86% were Solana, Aave and Elrond, with Polkadot on the list with a 5.45% allocation.
The bot also compiles a custom portfolio on its own, and Real Vision highlights Cardano and Quant Network as the week’s notable winners while BTC, SOL and ETH fell slightly.
“Final weights of the RealVision Exchange crypto portfolios. Based on more votes for overweight than for underweight, Cardano and QNT take the lead.
The views on Bitcoin, Solana and Ethereum were more mixed, and they are therefore given a lower weight.
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/vs148/WindAwake/VECTORY_NT/Mingirov Yuriy
