The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and trader sentiment from fans of the financial content platform Real Vision.
According to Real Vision, the bot has had an ‘astonishing’ record as it outperforms the aggregated bucket of top 20 cryptos by more than 20%, simply by taking surveys from traders.
This week, the survey’s results show that traders mostly prefer a portfolio that is overweight in Ethereum (ETH), with 84% of respondents selecting ETH as their number one coin to go heavy on.
In second place was smart contract platform Solana (SOL), followed by king crypto Bitcoin (BTC) and Ethereum-scaling solution Polygon (MATIC).
In fifth place was the virtual reality platform Decentraland (MANA), with 43% of traders preferring to be overweight on its MANA token. Another altcoin on the Real Vision Bot’s top 10 is Enjin Coin (ENJ), the utility token for non-fungible tokens (NFTs) on the Enjin ecosystem, with roughly 30% of respondents wanting their portfolio to be overweight in ENJ.
Also showing up high on the list was Terra (LUNA), Polkadot (DOT), Chiliz (CHZ), Fantom (FTM), Chainlink (LINK) and Avalanche (AVAX).
Source: Real Vision Bot/Twitter
Participants in the Real Vision Bot’s surveys don’t necessarily have to own the crypto in question in order to cast a vote for it. In an interview with Real Vision, the bot’s 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 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.”
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter , Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
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/WhiteBarbie/KateStudio/Natalia Siiatovskaia
The post ‘Astonishing’ Crypto Algorithm Shows Traders Are Bullish on Bitcoin, Ethereum and Two Gaming Altcoins appeared first on The Daily Hodl .