As Markets Break Down, Traders Favor Ethereum (ETH), Solana (SOL), and Two More Altcoins, According to Cryp… – The Daily Hodl

An autonomous bot thats been outperforming the crypto market by using data from weekly surveys of traders shows strong demand for Ethereum and three other altcoins.

The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and gauge trader sentiment from fans of the financial content platform Real Vision.

Real Vision says the bot has had an astonishing record of outperforming the aggregated bucket of top 20 cryptos by more than 20% simply by surveying the preferences of traders.

The latest survey results show that while leading smart contract platform Ethereum (ETH) remains popular with investors at 64% overweight compared to the bot, layer-2 scaling solution Polygon (MATIC) has climbed to the exact same level.

Just a single percentage point behind at 63% is decentralized finance protocol Terra (LUNA) in third place.

Bitcoin (BTC) fills the fourth slot with 62% of respondents voting to overweight their holdings with BTC, despite the rough ride its been on since hitting an all-time high back in November.

Smart contract platform and ETH alternative Solana (SOL) rounds out the top-5 crypto assets at 48%.

Interoperable blockchain ecosystem Cosmos (ATOM) was a hair behind in sixth place, followed by layer-1 smart contract platform Avalanche (AVAX) and the enterprise-grade blockchain platform Fantom (FTM).

Completing the top-10 list are cross-chain interoperability protocol Polkadot (DOT) and decentralized oracle network Chainlink (LINK).

Participants in the Real Vision Bots surveys dont necessarily have to own the crypto in question in order to cast a vote for it. In an interview with Real Vision, the bots co-creator Moritz Seibert describes 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 theres 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 thats far ahead of the bot run crypto portfolio and the experts and the market.

Featured Image: Shuttersock/vectorpouch/Natalia Siiatovskaia

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As Markets Break Down, Traders Favor Ethereum (ETH), Solana (SOL), and Two More Altcoins, According to Cryp... - The Daily Hodl

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