Robot Known for Outperforming Bitcoin and Crypto Markets Flocks to Ethereum and Five Additional Altcoins As Markets Pop
A data-crunching robot with a reputation for outperforming the markets just unveiled its latest weekly crypto portfolio allocations.
The Real Vision Bot interprets surveys of cryptocurrency-related metrics to create fresh algorithmic portfolio assessments each and every week.
The automated bot with a reputation for outdoing Bitcoin (BTC) is choosing altcoins over the king crypto in its latest survey.
According to the Real Vision bot, traders say they would heavily favor five coins in their portfolios this week.
“Latest results of the RealVision Exchange crypto survey. Is this risk-on or risk-off, I’m confused. What’s happening with QNT and Binance Coin there?
Voted to overweight
- Ethereum 58%
- QNT 33%
- USDC 26%
- Binance 22%
- Bitcoin 20%”
The additional coins selected by the algorithm include interoperable blockchain platform Quant (QNT), Circle-backed stablecoin USD Coin (USDC), crypto exchange Binance’s BNB, eco-friendly payments-focused Algorand (ALGO) and blockchain ecosystem Cosmos (ATOM).
Though altcoins are popular in this week’s survey, the largest cryptocurrency by market cap, Bitcoin, still receives a 20% weight distribution.
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%.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/3dartists/Alexander56891