- Traders say they prefer Bitcoin and four altcoins in their portfolios this week.
- ETH, QNT, USDC, Binance and Bitcoin were overvalued this week, according to a study.
The Real Vision Bot, popular for its outperforming market, has announced its latest weekly crypto portfolio allocation. The robot provides weekly evaluations of new algorithmic portfolios from its interpretation of crypto-related metrics and research on market trends. Cryptocurrency related metrics can be calculated using different tools such as market capitalization and his 24-hour trading volume. Others include funding rate, circulating supply, maximum supply market price, and inflow.
Real Vision Bot started as a research project to use advances in AI to analyze the opinions of financial investment professionals. The bot also uses AI skills to perform continuous and focused analysis, providing viewers with better insight into current market conditions. Essentially, the data processing bot conducts two surveys each week. “The Real Vision Exchange Macro Survey” and “The Real Vision Exchange Crypto Survey”. These studies form the basis of two portfolios reconstructed by Bot: the Exchange Macro Portfolio and the Hive Mind Crypto Portfolio.
In addition, Real Vision Bot compares data from generated portfolios with its own portfolios drawn from interviews, market trends, indicators of various different tokens, and research. We will then release the current allocation and performance of both portfolios.
Real Vision Bot Highlights Bitcoin and 4 Altcoins as ‘Vote Overweight’
According to recent research reports, automated bots are known winners. Bitcoin, Ahead of the world’s first cryptocoin, we have selected a notable altcoin. BTC, the world’s largest cryptocurrency by market capitalization, occupies fifth place on this week’s traders’ preference scale.
According to the release, the bot chose Ethereum Coin (ETH), interoperable blockchain platform Quant (QNT), Circle-backed stablecoin USD Coin (USDC), and cryptocurrency exchange Binance’s BNB over BTC. Did. Other altcoins listed are Algorand (ALGO), which focuses on green payments, and Cosmos (ATOM), a blockchain ecosystem.
Below is a hierarchical list of the top 5 coins and their respective percentages.Analysis results published on Bot’s official twitter handle:
- Ethereum 58%
- QNT 33%
- USD 26%
- Binance 22%
- Bitcoin 20%
Major altcoins such as Algorand, Polygon, Cosmos, Solana and XRP were behind BTC on the list. Each week, survey participants underweight/overweight tokens from a selected list of potential candidates. These participants can vote to remove or add new tokens from the list. In some cases, decisions are left to bots.
Bots have proven to be functional financial oracles with timely and accurate predictions. It was co-developed by quant analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden. Real Vision founder Raoul Pal has described the bot’s past performance as “amazing”, stating that he outperformed the aggregate bucket of the top 20 cryptocurrencies in the market by more than 20%.