A robot that has earned a reputation for outperforming the markets unveils its latest altcoin allocations as most cryptocurrencies give up recent gains.
Each week, the Real Vision Bot conducts surveys to generate algorithmic portfolio assessments 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 mainstays Bitcoin (BTC) and Ethereum (ETH) both at 67%.
Tied for third place with a 50% vote for overweight allocation were ETH challenger Cardano (ADA), decentralized oracle network Chainlink (LINK), and layer 2 scaling solution Polygon ( MATIC).
“Latest results from the RealVision Exchange crypto survey. Cardano, Chainlink and Polygon surprise with an equal percentage of overweight votes.
3. Gimbal 50%
4. Chain link 50%
5. Polygon 50% »
Supply chain management blockchain VeChain (VET) came in at a fraction of less than 50%, and tied for seventh place with an allocation increased by 30%, Binance’s native token BNB, the interoperability protocol cross-chain Polkadot (DOT) and the decentralized peer-to-peer cryptocurrency Litecoin (LTC).
Participants also voted 14 other major digital assets as “overweight” by nearly 20%, including decentralized application building protocol Hedera Hashgraph (HBAR), enterprise-grade interoperability solutions provider Quant Network (QNT ), XRP distributed ledger, Filecoin decentralized storage network (FIL), Stellar decentralized payment network (XLM), Ethereum competitor Solana (SOL), Aave lending and borrowing protocol (AAVE), blockchain platform enterprise-grade Fantom (FTM), Cosmos Scalability and Interoperability Ecosystem (ATOM), Layer 1 Smart Contract Platform Avalanche (AVAX), FTX cryptocurrency exchange FTX Token (FTT), the automated market maker SushiSwap (SUSHI), US dollar pegged stablecoin Dollar Coin (USDC) and virtual reality world Decentraland (MANA).
The latest survey-based exchange portfolio 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 %. Eight other crypto assets landed between 2% and 7% allocation.
The bot itself also compiles a wallet by itself, and Real Vision Remarks the four digital assets that make up almost 75% of his weekly holdings.
“RealVision Exchange crypto wallet latest weights. The rebalancing took place on Saturday. The weight of Chainlink was surprising in the Exchange wallet.
The bot sticks to Ethereum, Polygon, Bitcoin, and Binance.
The 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 called the bot’s historical performance “astonishing,” saying it outperforms an aggregate bucket of the top 20 crypto assets in the market by more than 20%.
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Feature image: Shutterstock/Dai Yim