Trading bot known to crash crypto markets assigns Solana (SOL), Cardano (ADA) and another ETH rival
A trading robot that has gained a reputation for outperforming the markets is revealing its latest portfolio allocation as most cryptocurrencies try to recover from a week-long decline.
Each week, the Real Vision Bot conducts surveys while compiling algorithmic portfolio assessments that generate a “hive mind” consensus.
The pen’s last data reveals that traders’ risk appetite has fallen slightly from a week ago, with most market participants voting to overweight their portfolios with 18 altcoins in addition to leading crypto assets Bitcoin (BTC) at 50% and Ethereum (ETH) at 27%.
In second place with a 36% heavyweight allocation was tier-1 smart contract platform Solana (SOL), and fellow ETH challenger Cardano (ADA) came in fourth with 21%.
Cross-chain interoperability protocol Polkadot (DOT) rounds out the top five with a 20% preponderance, followed a close fraction behind by the dollar-pegged stablecoin US Dollar Coin (USDC), virtual reality world Decentraland (MANA) and layer-2 scaling solution Polygon (MATIC ).
“Latest Real Vision Exchange Crypto Survey Results. Solana Ahead of Ethereum? USDC Also Climbs to #6.
1. Bitcoin 50%
2. Solana 36%
3. Ethereum 27%
4. Cardano 21%
5. Polka dot 20%”
Popular cryptocurrency exchange Binance’s native token BNB came in ninth with a 13% increased allocation, followed by enterprise-grade blockchain platform Elrond (EGLD) at 12%.
Participants also named half a dozen other prominent digital assets “overweight” at 11%, including Ethereum-based blockchain gaming network Enjin Coin (ENJ), enterprise-class interoperability solutions provider Quant Network (QNT), tier-1 smart contract platform Avalanche (AVAX), decentralized application creation protocol Hedera Hashgraph (HBAR), decentralized network Algorand (ALGO) and the FTX cryptocurrency exchange’s FTX Token (FTT).
Play-to-earn fighting game Axie Infinity (AXS) was ranked 10%, and the following altcoins gained between 6% and 7% weightage: enterprise-grade blockchain platform Fantom (FTM), distributed ledger XRP, and decentralized payment network Stellar (XLM).
Dropouts this week were lending and borrowing protocol Aave (AAVE), scalability and interoperability ecosystem Cosmos (ATOM), and decentralized oracle network Chainlink (LINK).
The latest survey based exchange portfolio allocation is led by Bitcoin and Solana both at 24.9%, followed by Cardano at 18.7%, Ethereum at 16.6% and USDC at 14.9%.
The bot also compiles a custom portfolio on its own, and Real Vision highlights Bitcoin and Ethereum as the week’s notable winners, while eight altcoins gained between 2% and 6% inclusion.
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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