The cryptocurrency market is in the midst of uncertainty, driven by opposing winds. Bitcoin (BTC) struggles to just over $19,000 while its upward moves are futile. So the overall crypto market follows suit. In this environment, it is very difficult to create a crypto portfolio. A trading bot, well-known for building an effective portfolio in the market, shared the latest portfolio allocations. It has also over-allocated its portfolio to Polygon (MATIC).
What is Real Vision Bot?
Quantitative analyst Moritz Seibert and statistician Moritz Heiden jointly developed the Real Vision Bot. Real Vision founder and macro guru Raoul Pal says the bot’s historic performance is ‘astonishing’. Pal notes that the bot outperformed the total of the top 20 cryptoassets in the market.
Real Vision Bot runs surveys every week. It uses algorithmic portfolio assessments that build consensus on the ‘hive mind’ in these surveys. We are also in the news cryptocoin.com as, we include portfolio allocations of professional trader. With a reputation for outperforming the cryptocurrency markets, this bot is sharing its latest portfolio allocations amid the ongoing crypto winter.
ETH, BTC, MATIC, SOL and USDC in top 5 in bot’s basket
Meanwhile, the latest data from the bot reveals that Ethereum (ETH) has a strong preference for traders. The Trade bot shows that the majority of market participants (around 56%) voted to overinflate their portfolios with ETH. However, in second place is Bitcoin (BTC) with around 41% allocation.
Also, Ethereum layer-2 solution Polygon (MATIC) is in third place with around 34% allocation. It is followed by the tier-1 smart contract platform Solana (SOL) with 26.7% allocation. The dollar-pegged stablecoin USD Coin (USDC), issued by Circle, completes the top five of the 21% dedicated survey.
Source: Real Vision Bot / TwitterContinuing the list, Quant Network (QNT), Polkadot (DOT), Cosmos (ATOM), Binance Coin (BNB) and Chainlink (LINK) are in the top 10. This time, strong Ethereum rival Cardano (ADA) could not find a place in the top 10 and took 11th place.
MATIC lights green when the market is in red
At press time, the leading crypto Bitcoin fell 1.32% on a daily basis to $19,147. The leading altcoin Ethereum is trading at $1,295, down 1.12% in the last 24 hours. MATIC, where Real Vision Bot allocates a third extreme position, is surprisingly green. At the time of writing, MATIC is trading at $0.8654, up 1.28% over the past 24 hours.
