Robot Known for Outperforming Crypto Markets Shifts into a New 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 attempt to recover from a broader downtrend.

Each week, the Real Vision Bot conducts polls to create algorithmic portfolio scores that generate a “hive mind” consensus.

The bot’s latest data shows traders’ risk appetite has declined significantly over the past week, with most market participants voting to overweight their portfolios in 11 altcoins in addition to top crypto assets Bitcoin (BTC) and Ethereum (ETH).

Dollar-pegged stablecoin US Dollar Coin (USDC) stormed into first place with a 33% increase in allocation, while the altcoin was up around 20% last week.

Four crypto assets that rank second and were voted heavyweights with 22%: leading smart contract platform Ethereum, popular cryptocurrency exchange Binance’s native token BNB, sports fan token network Chiliz (CHZ) and Bitcoin .

“Real Vision Exchange crypto survey latest results. risk mitigation mode. Low overall percentage to overweight risky tokens. USDC ranked #1.

1st USDC 33%

2. Ethereum 22%

3. Binance 22%

4. Chili 22%

5. Bitcoin 22%”

Source: Real Vision Bot/Twitter

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

The following prominent digital assets all received an 11% “overweight” rating: 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 pair of altcoins to earn a strong 10% allocation were cryptocurrency exchange FTX Token (FTT) and enterprise interoperability solution provider Quant Network (QNT).

The most recent survey-based exchange portfolio allocation is led by USDC at 23.4%, followed by Polygon at 18.8%, Binance and Chiliz at 15.6% each, Cosmos and Hedera Hashgraph at 9.38% each, and finally FTX Token at 7, 81%

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

Five digital assets received between 1.5% and 3.5%, including QNT, BTC, ETH, decentralized storage network Filecoin (FIL), and lending-and-lending protocol Aave (AAVE).

Source: Real Vision

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

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

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/sergeymansurov/Andy Chipus

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