An autonomous bot that’s been outperforming the crypto market by using data from weekly surveys of traders shows a bullish leaning towards Ethereum, Solana and two additional smart contract 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 a slight reshuffling of the dozen most popular crypto assets compared to last week. Traders still prefer a portfolio that is overweight in Ethereum (ETH), with 39% of respondents selecting ETH as their number one coin to go heavy on.
Smart contract platform competitor Solana (SOL) is close second at 33%, followed by open-source, decentralized blockchain network Algorand (ALGO) at 24%.
King crypto Bitcoin (BTC) and smart contract platform Avalanche (AVAX) tied for fourth at 23%.
Multi-chain scaling solution Polygon (MATIC) and cross-chain interoperability protocol Polkadot (DOT) were a fraction behind in the rankings.
Rounding out the top-10 crypto assets were stablecoin-focused Terra (LUNA), decentralized oracle Chainlink (LINK), and crypto exchange Binance’s utility token BNB.
Close behind were a pair of scalable decentralized blockchain platforms, Cardano (ADA) and Elrond (EGLD).
Falling out of the top dozen this week were the virtual gaming world Decentraland (MANA), sports-focused Chiliz (CHZ), non-fungible token (NFT) integrator Enjin Coin (ENJ), and scalable blockchain platform Fantom (FTM).
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.”
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