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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Just a single percentage point behind at 63% is decentralized finance protocol Terra (LUNA) in third place.<\/p>\n
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.<\/p>\n
Smart contract platform and ETH alternative Solana (SOL) rounds out the top-5 crypto assets at 48%.<\/p>\n
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).<\/p>\n
Completing the top-10 list are cross-chain interoperability protocol Polkadot (DOT) and decentralized oracle network Chainlink (LINK).<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Featured Image: Shuttersock\/vectorpouch\/Natalia Siiatovskaia<\/p>\n
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As Markets Break Down, Traders Favor Ethereum (ETH), Solana (SOL), and Two More Altcoins, According to Cryp... - The Daily Hodl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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. Continue reading