A robot renowned for overtaking the crypto markets presents its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) try to stay afloat.
Each week, the Real Vision Bot conducts surveys to create algorithmic portfolio valuations consistent with a “hive mind” consensus.
The bot is the newest Data finds that traders’ risk appetite is growing as most market participants have voted to overweight their portfolios with 17 altcoins, in addition to crypto mainstays Bitcoin at 69% and Ethereum at 62%.
Layer-1 blockchain protocol Solana (SOL) comes third at 58% overweight, followed by native token BNB from popular cryptocurrency exchange Binance at 33% and scaling solution from Layer 2 Polygon (MATIC) at 31%.
“Latest RealVision Exchange Crypto Survey Results. Risk Appetite Rises. Percentage of Participants Who Voted Overweight.
3. Solana 58%
4. Binance 33%
5. Polygon 31%”
Other top digital assets that participants deemed “overweight” included Ethereum rival Avalanche (AVAX) at 25%, decentralized blockchain Cardano (ADA) at 20%, cross-chain liquidity protocol THORChain (RUNE) at 20%, as well as the application creating the Hedera Hashgraph (HBAR) protocol and the virtual world Decentraland (MANA) receiving 18%.
Polkadot (DOT) cross-chain interoperability protocol was voted in with a 16% overweight, with the dollar-pegged US dollar stablecoin (USDC) only a full percentage point behind.
Seven other altcoins received overweight votes between 8% and 9%, including oracle network Chainlink (LINK) and smart contract platform Fantom (FTM).
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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Featured Image: Shutterstock/Kartavaya Olya/Sol Invictus