A robot that’s earned a reputation for outperforming the markets is unveiling its latest altcoin allocations as most cryptocurrencies give up their recent gains.
Every week the Real Vision Bot conducts surveys in order to generate algorithmic portfolio assessments that reveal a “hive mind” consensus.
The bot’s newest data finds that traders’ risk appetite remains aggressive, with most market participants voting to overweight their portfolios with 21 altcoins in addition to crypto stalwarts Bitcoin (BTC) and Ethereum (ETH) both at 67%.
Tied for third with a 50% voting for overweight allocation were ETH challenger Cardano (ADA), decentralized oracle network Chainlink (LINK), and layer-2 scaling solution Polygon (MATIC).
“Latest results of the RealVision Exchange crypto survey. Cardano, Chainlink and Polygon surprise with equal % votes to overweight.
1. Bitcoin 67%
2. Ethereum 67%
3. Cardano 50%
4. Chainlink 50%
5. Polygon 50%”
Coming in a fraction below 50% was supply chain management blockchain VeChain (VET), and tied for seventh place with a 30% boosted allocation were popular cryptocurrency exchange Binance’s native token BNB, cross-chain interoperability protocol Polkadot (DOT), and decentralized peer-to-peer cryptocurrency Litecoin (LTC).
Participants also voted 14 other prominent digital assets as “overweight” by nearly 20%, including decentralized application-creating protocol Hedera Hashgraph (HBAR), enterprise-grade interoperability solution provider Quant Network (QNT), distributed ledger XRP, decentralized storage network Filecoin (FIL), decentralized payments network Stellar (XLM), Ethereum competitor Solana (SOL), lending and borrowing protocol Aave (AAVE), enterprise-grade blockchain platform Fantom (FTM), scalability and interoperability ecosystem Cosmos (ATOM), layer-1 smart contract platform Avalanche (AVAX), FTX cryptocurrency exchange FTX Token (FTT), automated market maker SushiSwap (SUSHI), dollar-pegged stablecoin US Dollar Coin (USDC), and virtual reality world Decentraland (MANA).
The latest survey-based exchange portfolio allocation is led by Chainlink at 17.1%, followed by Ethereum at 14.3%, Polygon at 12.2%, Bitcoin at 11.9%, and Polkadot at 8.57%. Eight other crypto assets landed at between a 2% and 7% allocation.
The bot itself also compiles a portfolio on its own, and Real Vision notes the four digital assets which make up nearly 75% of its weekly holdings.
“Latest weights of the RealVision Exchange crypto portfolio. Rebalancing took place on Saturday. The Chainlink weight was surprising in the Exchange portfolio.
The Bot sticks to Ethereum, Polygon, Bitcoin and Binance.”
The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macroeconomic expert Raoul Pal has called the bot’s historic performance “astonishing,” saying it outperforms an aggregated bucket of top 20 crypto assets on the market by more than 20%.
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Featured Image: Shutterstock/Dai Yim