A trading bot that has earned a reputation for outperforming the markets unveils its latest portfolio allocations as most cryptocurrencies attempt to recover from a week-long slump.
Each week, the Real Vision Bot conducts surveys while compiling algorithmic portfolio assessments that generate consensus “hive mind”.
The last of the bot Data reveals that traders’ risk appetite has contracted slightly over the past week, with most market participants voting to overweight their portfolios with 18 altcoins in addition to top crypto assets Bitcoin (BTC) at 50% and Ethereum (ETH) ) at 27%.
Layer 1 smart contract platform Solana (SOL) climbed to second place with a heavyweight allocation of 36%, and fellow ETH challenger Cardano (ADA) came in fourth at 21%.
Cross-chain interoperability protocol Polkadot (DOT) rounds out the top five with 20% overweight, closely followed by US dollar-pegged stablecoin Dollar Coin (USDC), virtual reality world Decentraland (MANA) and the Polygon Solution (MATIC) layer 2 scaling.
“Latest Real Vision Exchange crypto survey results. Solana ahead of Ethereum? USDC also climbs to 6th place.
2. Solana 36%
4. Gimbal 21%
5. Peas 20%”
Popular cryptocurrency exchange Binance’s native BNB token came in ninth with an allocation increased by 13%, followed by enterprise-grade blockchain platform Elrond (EGLD) at 12%.
Participants also voted half a dozen other leading digital assets as “overweight” by 11%, including Ethereum-based blockchain gaming network Enjin Coin (ENJ), tier-one interoperability solutions provider Quant Network (QNT), Avalanche Layer 1 Smart Contract Platform (AVAX), Hedera Hashgraph (HBAR) Decentralized Application Building Protocol, Algorand Decentralized Network (ALGO), and FTX Token (FTT) from the FTX cryptocurrency exchange.
Play-to-earn fighting game Axie Infinity (AXS) was voted 10%, and the following altcoins received between 6% and 7% overweight allocation: enterprise-grade blockchain platform Fantom ( FTM), the distributed ledger XRP and the decentralized payment network Stellar (XLM).
This week, the Aave Lending and Borrowing Protocol (AAVE), the Cosmos Scalability and Interoperability Ecosystem (ATOM), and the Chainlink (LINK) decentralized oracle network were discontinued.
The latest survey-based exchange portfolio allocation is led by Bitcoin and Solana 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 by itself, and Real Vision strong points Bitcoin and Ethereum as notable gainers for the week while eight altcoins received between 2% and 6% inclusion.
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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