Using the predictions of seasoned traders, a bot has listed the top altcoin picks for the ideal year-end portfolio. You can check out his previous accurate predictions here.
Prediction bot picks these altcoin projects
Crypto investors are more uncertain about what to do after the events around FTX. Due to the high volatility it becomes quite difficult in day trading. Real Vision Bot, the assistant of traders in this regard, has published its new algorithmic portfolio assessments. He especially highlighted Polygon (MATIC) by looking at the results of the surveys he organizes every week.
According to the bot’s latest data, traders strongly prefer Ethereum. Most market participants chose to overload their portfolios with ETH. Investors prefer Polygon after ETH (MATIC). MATIC is followed by USD Coin (USDC) and the leading cryptocurrency Bitcoin (BTC), respectively. Altcoin projects and weights are as follows:
MATIC, the native token of the Polygon network, is down 70% off the ATH price at the time of writing. He had to break the $1 threshold as a result of the blows he took from the FTX crisis. The positive news is that Solana, who left the top 10 along with FTX, is replacing him. MATIC is in tenth place since the last days of October after a long break. Dogecoin ranks ninth, rallying 150% amid news of Elon Musk’s Twitter acquisition.
Here are other selections of the bot
The top two altcoins in the bot’s portfolio were Ethereum rivals Polkadot (DOT) and Avalanche (AVAX). These projects are followed by Quant (QNT) and Chainlink (LINK). Data from Real Vision Bot suggests that money flowing into USDC shows investors are trying to mitigate risk as the repercussions of FTX’s collapse become clear. Crypto analyst Moritz Seibert and Moritz Heiden, a statistician, are the developers of the Real Vision Bot.
Real Vision claims that historically, investments made by the bot based on the opinions of a group of crypto investors have outperformed the top 20 cryptocurrencies in the market by more than 20%. Meanwhile, the bot reports that Polygon has surpassed Ethereum with the new update:
Fixed the @RealVision Exchange #crypto survey. Latest results are in. #polygon took the lead ahead of #ethereum.
#solana is still in there, which is mainly due to votes from the beginning of last week. Already on Friday the mood on #solana and #ftt changed. pic.twitter.com/ckXGvfJdrz
— Real Vision Bot (@RealVisionBot) November 16, 2022
Finally, let’s take a look at the price predictions for the highly anticipated MATIC. The crypto experts at Changelly have concluded that MATIC should be worth at least $3.39 by 2025. They estimated the maximum price for that year would be $3.97. According to another forecasting platform, Telegaon, MATIC should be worth at least $6.93 by 2025, with an average price of $7.18. The maximum price predicted by the platform was $9.36. cryptocoin.comWe have discussed the expectations of Fool analysts in this article.
