26 Nov 2022

Ethereum, Polygon, and Two Other Assets Receive Allocation from an Algorithm Known for Outperforming Crypto Markets

Amid volatile trading conditions, an algorithm known for outperforming the cryptocurrency markets is favoring Ethereum (ETH) and three other large-cap digital assets.

By: Flagship Team

The Real Vision Bot conducts weekly surveys to gather algorithmic portfolio evaluations and produce a “hive mind” consensus.

According to the bot's most recent data, traders strongly prefer Ethereum, and most market participants have overweighted their portfolios with ETH.

Show Tweet from <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Latest results of the free <a href="https://twitter.com/RealVision?ref_src=twsrc%5Etfw">@RealVision</a> Exchange survey. <a href="https://twitter.com/hashtag/ethereum?src=hash&ref_src=twsrc%5Etfw">#ethereum</a> ahead of <a href="https://twitter.com/hashtag/polygon?src=hash&ref_src=twsrc%5Etfw">#polygon</a> and <a href="https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw">#bitcoin</a>. Participants decide to ramp up <a href="https://twitter.com/hashtag/usdc?src=hash&ref_src=twsrc%5Etfw">#usdc</a> exposure and de-risk. Feels like the <a href="https://twitter.com/hashtag/ftx?src=hash&ref_src=twsrc%5Etfw">#ftx</a> fallout is not over yet.<a href="https://twitter.com/hashtag/ftt?src=hash&ref_src=twsrc%5Etfw">#ftt</a> gets faded out and only shows up for technical reasons. <a href="https://t.co/tQZws5XbqM">pic.twitter.com/tQZws5XbqM</a></p>— Real Vision Bot (@RealVisionBot) <a href="https://twitter.com/RealVisionBot/status/1594677045786595329?ref_src=twsrc%5Etfw">November 21, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Traders prefer the Polygon blockchain scaling solution after ETH (MATIC). MATIC is followed by Circle's stablecoin, USD Coin (USDC), and the leading cryptocurrency, Bitcoin (BTC) respectively.

MATIC is trading at $0.86 as of this writing, down 70% from its all-time high. Ethereum is also declining further, having lost 75% of its value since its peak.

algorithmic portfolio evaluations and produce a "hive mind" consensus.

The top two altcoins in the bot's portfolio are Ethereum rivals Polkadot (DOT) and Avalanche (AVAX), which are followed by Quant (QNT), a blockchain interoperability system, and Chainlink, a decentralized oracle network (LINK).

The Real Vision Bot's operators believe that the significant allocation to USDC may show that traders are trying to reduce risk as the repercussions of the demise of the cryptocurrency exchange FTX become clear.

Quantitative analyst Moritz Seibert and statistician Moritz Heiden collaborated on creating the Real Vision Bot.

Real Vision claims that the bot's allocations, based on the opinions of many crypto traders, have historically outperformed the top 20 crypto assets on the market by a margin of over 20%.

Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.