A trading robot that’s earned a reputation for outperforming the markets is revealing its newest portfolio allocations as most cryptocurrencies seek to recover from an overall downtrend.
Each week the Real Vision Bot conducts surveys in order to compile algorithmic portfolio assessments that generate a “hive mind” consensus.
The bot’s latest data reveals that traders’ risk appetite has decreased significantly from a week ago, with most market participants voting to overweight their portfolios with 11 altcoins in addition to the top crypto assets Bitcoin (BTC) and Ethereum (ETH).
Surging into first place was the dollar-pegged stablecoin US Dollar Coin (USDC) with a 33% boosted allocation, whereas last week the altcoin was at around 20%.
Four crypto assets tied for second place being voted 22% heavyweight: leading smart contract platform Ethereum, popular cryptocurrency exchange Binance’s native token BNB, sports fan token network Chiliz (CHZ), and Bitcoin.
“Latest results of the Real Vision Exchange crypto survey. De-risking mode. Low overall % to overweight risky tokens. USDC on #1.
1. USDC 33%
2. Ethereum 22%
3. Binance 22%
4. Chiliz 22%
5. Bitcoin 22%”
Tied for sixth with a 20% boost were decentralized application-creating protocol Hedera Hashgraph (HBAR) and layer-2 scaling solution Polygon (MATIC).
The following prominent digital assets all received an 11% “overweight” allocation: virtual reality world Decentraland (MANA), scalability and interoperability ecosystem Cosmos (ATOM), Ethereum-based blockchain gaming network Enjin Coin (ENJ), and layer-1 smart contract platform Solana (SOL).
The final pair of altcoins to receive a heavyweight allocation by 10% were the FTX cryptocurrency exchange’s FTX Token (FTT) and enterprise-grade interoperability solution provider Quant Network (QNT).
The latest survey-based exchange portfolio allocation is led by USDC at 23.4%, followed by Polygon at 18.8%, both Binance and Chiliz at 15.6%, Cosmos and Hedera Hashgraph each at 9.38%, and finally FTX Token at 7.81%.
The bot itself also compiles a custom portfolio, and Real Vision reports that MATIC leads with 27.9%, followed by BNB and CHZ both at 22.6%, and ATOM with 14.8%.
Five digital assets received between 1.5% and 3.5%, including QNT, BTC, ETH, decentralized storage network Filecoin (FIL), and lending and borrowing protocol Aave (AAVE).
The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden.
Real Vision founder and macro economic 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/sergeymansurov/Andy Chipus