- Despite the current crypto winter, the real vision bot shares its latest crypto portfolio allocations.
- Two analysts predict a bearish November for Bitcoin and the crypto market.
Amidst the current crypto winter, a trading robot with an excellent record for accurately predicting the crypto market has released its latest crypto portfolio allocations. The Real Vision bot polls its audience each week to collate and assess portfolio allocations. Thus, it can establish a consensus.
In its newest data, the bot revealed that many investors strongly prefer the second-leading digital asset (Ethereum). Also, the bot explained that more than 60 percent of crypto traders voted that they would increase their ETH portfolios.
Hence, ETH retains its number one position among crypto players from last week. This week, Ethereum competitor, Solana, replaces Bitcoin in second place. Solana jumped two positions to replace BTC, after being placed fifth in the previously released data.
Over 43 percent of crypto holders prefer to have more SOL tokens in their wallets. At this time, SOL is down 4.99 percent in the last 24 hours and trades at $31.31 per Coinmarketcap data. The leading digital asset, BTC, ranks third with a 37.5 percent allocation.
MATIC, the token of Ethereum layer-2 solution, Polygon, occupies the fourth position with 28.57 percent allocation. ATOM, the native token of scalable and interoperable blockchain, Cosmos, rounds up the top five with 26.9 percent allocation. ATOM replaced Circle-issued USDC stablecoin in fifth, with USDC dropping out of the top five crypto assets with the highest allocations.
More shock and awe still coming to crypto markets – Crypto analysts
Meanwhile, famous crypto analyst and YouTuber Nicholas Merten claimed that macroeconomic forces will drive down crypto prices. Hence, the end of the current crypto market correction isn’t near. In his latest video update, Merten explained to his over 500,000 YouTube subscribers that it is unlikely that the US Federal Reserve will change its hawkish stance soon.
Hence, digital assets’ prices would keep dropping lower. Mertern further explains that the technical indicators show investors are buying the dip. For instance, BTC’s 200-day Moving Average (MA) isn’t crossing over the 200-week MA.
Also, the green candles aren’t forming a bullish reversal pattern. In a related development, the anonymous crypto trader, Crypto Capo, has predicted more woes for the crypto market this month. Crypto Capo rose to fame after accurately predicting the current crypto bear market.
In his tweet to his 573,000 Twitter followers, Crypto Capo predicts that BTC and the altcoins would experience price crashes this month due to various market conditions. The anonymous trader explained that the S&P 500 is at resistance levels while the US dollar index (DXY) shows signs of bullishness.
According to him, these two scenarios are essential indicators of a crypto bear market. Speaking specifically about BTC, Crypto Capo predicts that the leading digital asset will trade at the $14,000 level this month.
He further said BTC would likely rise to $21,000 before it starts the drop toward the $14,000 range. Currently, BTC is down 0.55 percent in the last 24 hours and trades at $20,411, according to our data.