Algorithm Known for Outperforming Bitcoin and Crypto Markets Abruptly Favors Top Ethereum Competitor – Cryptosrus
A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing crypto bear market.
Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.
The bot’s latest data reveals that traders continue to have a strong preference for Ethereum (ETH), with the majority of market participants (more than 60%) voting to overweight their portfolios with ETH.
An ETH competitor, however, surged into second place this week. More than 43% of participants voted to overweight layer-1 smart contract platform Solana (SOL).
SOL is trading at $32.58 at time of writing. The 10th-ranked crypto asset by market cap is down 0.44% in the past 24 hours.
Bitcoin (BTC) came in third with a 37.5% allocation, followed by ETH layer-2 solution Polygon (MATIC), which had a 28.57% allocation.
Rounding out the top five is Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with one another. ATOM had a 26.19% allocation.
The Real Vision Bot was co-developed by quant analyst Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macro guru Raoul Pal has called the bot’s historic performance “astonishing.” The former Goldman Sachs executive says the bot outperforms an aggregated bucket of the top 20 crypto assets on the market by more than 20% by simply taking surveys from digital asset traders.
This article first appeared on DailyHodl
For the best exchanges, check out our top exchange guide.
Sign up for our bi-weekly newsletter for news and exclusive analysis.
Follow CRU News Desk on Twitter for our latest articles and Twitter exclusive threads.
Learn about Bitcoin, Ethereum, and so much more at the CryptosRus Academy.
Stay up to date with George on Tik Tok, Instagram, and his brand new clips channel.
No spam – just the good stuff
Sign up for The HODLer’s Herald newsletter to stay up-to-date on the latest Crypto news and articles! Plus learn about new altcoins, get exclusive discounts for the merch store and more!