A trading robot shares its latest portfolio allocations amid the ongoing bear market. A popular trader and analyst explains the altcoin projects he sees as potential. Also, a crypto expert shares 3 ERC-20 tokens that he thinks will shine in 2023.
Survey results and altcoin choices of the trade bot
RealVision-Bot conducts surveys each week to compile algorithmic portfolio assessments that build a ‘hive mind’ consensus. The latest data from the bot shows that traders strongly favor Ethereum (ETH). It also reveals that the majority of market participants voted to overweight their portfolios with ETH. Bitcoin (BTC) takes second place, followed by layer-2 ecosystem Polygon (MATIC). Blockchain ecosystem Cosmos (ATOM) follows Avalanche (AVAX) and Polkadot (DOT). Bot’s team announced the results of the survey with the following statement:
Ethereum is still leading. However, Bitcoin has returned to the 2nd place. Then came MATIC and AVAX. Meanwhile, USDC is no longer preferred. This shows that the participants are ready to take more risks.
Source: Real Vision BotAs for RealVision Bot’s picks, Bot predicts a heavy position in MATIC’s favor. It also indicates a higher risk appetite, reducing preference for stablecoins. In this regard, the team shared the following:
The top 3 have not changed much. But survey respondents reduced their cash risks. Also, he’s now at risk again. The bot makes a few small bets on trending tokens.
Source: Real Vision BotPopular treader Van de Poppe’s altcoin picks
Popular crypto trader and analyst Michaël van de Poppe makes his assessments in light of the latest developments in the market. In this direction, the analyst expects an exit from the three altcoin projects. The analyst discusses Fantom (FTM), Avalanche (AVAX) and Polkadot (DOT) in his post on his Twitter account:
Now that FTM is making a significant debut, AVAX and DOT are starting to look pretty good too.
As $FTM made a significant run, now also $AVAX and $DOT start to look pretty good.
— Michaël van de Poppe (@CryptoMichNL) December 4, 2022
The analyst predicts a massive rally for Litecoin (LTC), rising over 66% in less than a month amid wider crypto market weakness. Peer-to-peer payments network Litecoin (LTC) recently hit a monthly high of $84.73. The analyst says he expects another solid leap forward.
Source: Van de Poppe / TwitterVan de Poppe, who looks at Bitcoin itself, says he’s looking at several bullish scenarios for BTC. In this context, the analyst makes the following statement:
I’m expecting an uptrend where a retracement of $17,200 is a trigger for longs towards $18,100. Otherwise it will set you back $16,200-16,500 and after a scan it will set you back $16,900.
Source: Van de Poppe / TwitterThe analyst then moves on to the leading altcoin Ethereum (ETH). Van de Poppe foresees a correction towards the $1,200 level before starting a rally towards the ETH initial target of $1,334. Accordingly, the analyst says, “It would be great if he gets this opportunity in ETH.”
Source: Van de Poppe / TwitterTop 3 ERC20 tokens to buy in 2023
As we move into a new year, crypto expert Motiur Rahman shares the top 3 ERC20 tokens with potential in 2023.
Chainlink (LINK)
Chainlink is one of the best ERC20 tokens on the market. Analysts praise the platform’s decentralized node network as its main differentiator. Nodes provide off-block data and information to on-chain smart contracts via oracles. cryptocoin.com As you follow, Chainlink has attracted attention with its recently anticipated staking feature. The LINK price has been between $6 and $8 for a while. This means that it will potentially be looking to the bottom of a market.
The Sandbox (DAND)
Yes, SAND, the token of the metaverse platform, is one of the best ERC20 token choices. However, it is underperforming this year. It can easily be ignored for now. As one of the largest metaverse platforms, the token will make a big comeback once cryptocurrencies recover. According to Citi analysts, it is possible for the metaverse to become a $13 trillion industry by 2030.
Shiba Inu (SHIB)
The Shiba Inu is seen as a cryptocurrency with little utility. However, sequential developments, including the metaverse, seem to change the rules of the game. However, the cryptocurrency already has a large following. Also, top organizations accept it as a means of payment. SHIB has a habit of making parabolic moves at the slightest provocation.
