Robot Known For Outpacing Bitcoin And Crypto Markets Flows Into Ethereum And Five Additional Altcoins As Markets Pop
A data-crunching robot with a reputation for outperforming the markets has just unveiled its latest weekly crypto portfolio allocations.
Real Vision Bot interprets research into cryptocurrency-related metrics to create new algorithmic portfolio assessments every week.
The automated bot with a reputation for outperforming Bitcoin (BTC) chooses altcoins over the royal crypto in its latest survey.
According to the Real Vision bot, say traders they would strongly favor five coins in their portfolios this week.
“Latest RealVision Exchange crypto survey results. Is this risk-on or risk-off, I’m confused. What’s going on with QNT and Binance Coin there?
Voted overweight
- Ethereum 58%
- QNT 33%
- USDC 26%
- Binance 22%
- Bitcoin 20%”
The additional coins selected by the algorithm include interoperable blockchain platform Quant (QNT), Circle-backed stablecoin USD Coin (USDC), crypto exchange Binance’s BNB, eco-friendly payment-focused Algorand (ALGO) and blockchain ecosystem Cosmos (ATOM).
Although altcoins are popular in this week’s survey, the largest cryptocurrency by market capitalization, Bitcoin, still receives a 20% weighting.
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/3dartists/Alexander56891
