A robot notorious for outdoing the crypto markets is revealing its latest portfolio allocations as Bitcoin (BTC) and Ethereum (ETH) start the week on a positive note. Here are the altcoin projects in Real Vision’s basket this week…
Real Vision Bot picks these altcoin projects this week
Real Vision Bot polls users weekly to provide algorithmic portfolio reviews that follow a “hive mind” consensus. According to the bot’s latest data, the risk appetite of traders has slightly increased compared to the past weeks. With most market participants voting on their portfolios with 13 altcoins, cryptocurrencies show Bitcoin at 40 percent and Ethereum at 30 percent.
Second place with 30 percent weighted allocation was Ethereum competitor Solana (SOL), decentralized application creation protocol Hedera Hashgraph (HBAR) and layer-2 scaling solution Polygon (MATIC). You can find the full list for the allocation of the bot below:
- Bitcoin 40 percent
- 30 percent to the left
- Hedera 30 percent
- Polygon 30 percent
- Ethereum 30 percent
FTX cryptocurrency exchange’s FTX Token (FTT) and automated market maker SushiSwap (SUSHI) took the sixth place with 20 percent increased allocations. Participants also featured interoperability ecosystem Cosmos (ATOM), enterprise-level interoperability solution provider Quant Network (QNT), and smart contract platform Algorand (ALGO). It was followed by lending and borrowing protocol Aave (AAVE), decentralized exchange Uniswap (UNI), cross-chain interoperability protocol Polkadot (DOT), Cardano (ADA), and Binance’s native token BNB.
“Bot fell in love with Polygon”
The most recent exchange portfolio allocation based on the survey is led by Polygon (29.5 percent), Hedera Hashgraph and FTX Token (16.8 percent), and Polkadot (14.7 percent). Bitcoin, Solana and SushiSwap are tied with a 7.37 percent allocation. The bot itself also compiles a portfolio on its own. Real Vision highlights the popularity of Polygon with a weight of about 48 percent. Real Vision used the following statements:
Bot known as Maximalist has fallen in love with Polygon Blockchain.
Since June 18, Polygon (MATIC) has been rising along a support trendline, as reported by Kriptokoin.com. During this uptrend, it broke several resistance lines which resulted in a definitive break in the ascending triangle pattern on July 18. On July 14, Disney announced that it has selected Polygon, along with Lockerverse and Flickplay, to join its Accelerator program, which aims to develop technologies to create new storytelling experiences.
Extending that, Disney said the Accelerator program plans to use new technologies, including augmented reality, NFTs and artificial intelligence characters, to create future immersive experiences. The news of MATIC closed the day with a 20 percent increase at $0.71, while steadily pushing its price above the 50-day moving average for the first time since the end of March.
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