Real Vision Bot: Crypto Traders Are Bullish on DOT, AVAX and MATIC
An autonomous trading bot that has been outperforming the crypto market by utilizing weekly trader survey data, suggests that a number of altcoins are eating the market share from the leading duo: Bitcoin (BTC) and Ethereum (ETH).
The Real Vision Bot was co-developed by analyst and hedge fund CEO Mortiz Seibert. It’s purpose was to get signals and gauge trader sentiment from the followers of the financial content platform Real Vision.
According to Real Vision the bot has had an amazing record of outperforming the combined bucket of the top 20 cryptos by more than 20%. It has achieved this by merely by surveying the trader preferences.
Real Vision tweeted that while actual Polkadot (DOT) holdings in exchanges increased, the algorithm is partial to smart contract platform Avalanche (AVAX) and layer-2 scaling solution Polygon (MATIC).
“Latest weights of the RealVision Exchange crypto portfolio. It’s getting crowded in the Exchange portfolio.Ethereum, Bitcoin and Terra have been reduced in weight.Polkadot, AVAX and Polygon were increased. The Bot prefers/likes the last two.”
Interestingly, while traders still prefer a portfolio with a plurality of Ethereum, that 19.1% allocation is down 2.36% from last week, the latest survey results show.
The fifth on the list is Bitcoin, down 3.36% to account for 10.3% of the total portfolio weight.
Moving up the bot’s portfolio was Polygon, which is up 4.59% to a total of 15.9%. Avalanche was ranked seventh at 9.87% of bot holdings, and overall it increased by +4.41% over the past 7 days.
While Polkadot went by 5.32% in the real-world crypto exchange holdings to 9.81%, the bot’s algorithm showed little interest to it.
On the third place is defi protocol Terra (LUNA) with 14.7% of portfolio weight, a weekly drop 3.41%, followed by enterprise-grade blockchain platform Fantom (FTM) which went up 2.29% to consist 10.8% of holdings.
Also in the top-9 crypto assets were decentralized network Cosmos (ATOM) in 6th place, virtual gaming world Decentraland (MANA) in 8th place, followed by decentralized oracle network Chainlink (LINK).
Participants in the Real Vision Bot’s surveys don’t have to own the crypto in question in order to vote for it.
In an interview with Real Vision, Seibert explained the bot it as a “hive mind” that is able to beat other entities in the crypto ecosystem.
“This bot is really fascinating because it started as a research project, where we linked it up with a Real Vision Exchange to run paper portfolios based on weekly surveys, where what we wanted to find out is if there’s a Real Vision hive mind that can beat the markets and that can also beat the interviewees, the professionals that are interviewed on the Real Vision platform.
And so, as it turns out, there is a hive mind crypto portfolio that’s far ahead of the bot run crypto portfolio and the experts and the market.”
