Robot known for crossing crypto markets allocates to Ethereum, Solana and two ‘surprise’ altcoins when Bitcoin loses $ 20,000
A robot with a reputation for surpassing a combined basket of the 20 largest cryptocurrencies presents its latest portfolio allocations while Bitcoin (BTC) and Ethereum (ETH) struggle to stay afloat.
Every week, Real Vision Bot conducts surveys to create algorithmic portfolio assessments in line with a “hive mind” consensus.
The fine is the latest data finds that traders’ risk appetite has declined slightly compared to recent weeks, with most market participants voting to overweight their portfolios with just nine altcoins in addition to crypto-faithful Bitcoin at 57% and Ethereum at 43%.
In third place is the lending and loan protocol Aave (AAVE) at 33%, followed by the Ethereum competitor Solana (SOL) with 29% overweight.
Popular cryptocurrency exchange Binance’s native token BNB and the decentralized financial protocol Uniswap (UNI) came in fifth place with a 20% increase in allocation.
“Latest results from the Real Vision Exchange crypto survey. Bitcoin makes it back to # 1. AAVE and Binance surprise.
1. Bitcoin 57%
2. Ethereum 43%
3. Aave 33%
4. Solana 29%
5. Binance 20% ”
Participants rated four other prominent digital assets as “overweight” by 16%, including layer 2 scaling solution Polygon (MATIC), dollar-denominated stablecoin US Dollar Coin (USDC), smart contract platform Algorand (ALGO) and ETH challenger Cardano (ADA).
Both ALGO and ADA have been in the news this week following the announcement that top Cardano architect John Woods is leaving Input Output Global (IOG) to work for Algorand.
Rounding off the list of overweight digital assets to 14% is team-1 smart contract platform Avalanche (AVAX).
Cryptocurrencies that fell out of the overweight list of “neutral” this week include decentralized liquidity protocol across chains THORChain, decentralized application-creating protocol Hedera Hashgraph (HBAR) and 3D virtual reality world Decentraland (MANA).
Real Vision Bot was developed by quantum analyst and hedge fund manager Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macroeconomic expert Raoul Pal has called the bot’s historic performance “amazing”, saying it has historically surpassed a bucket of the top 20 cryptocurrencies on the market by more than 20%.
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Selected image: Shutterstock / Kit8.net