A robot-trader, who has outperformed the cryptocurrency markets, has shared his latest altcoin portfolio. A notorious bot is announcing its latest allotments as the late July rally draws to a close. Here are the details…
BTC and altcoin trader unveils his basket
Real Vision Bot conducts surveys each week to build a consistent algorithmic portfolio with a “hive mind” consensus. The bot’s latest data shows that traders have reserved 40 percent for the largest cryptocurrencies Ethereum (ETH) and 30 percent for Bitcoin (BTC). Additionally, a dozen altcoins have entered their portfolio. FTT is stuck in third place with a heavy allocation of 22 percent. As we have also reported as Kriptokoin.com, FTT is the native token of the cryptocurrency exchange FTX.
On the other hand, Decentraland (MANA) and Quant Network (QNT) have a weight of 22 percent in the portfolio. Decentraland is one of the largest metaverse platforms. On the other hand, Quant provides “interoperability” feature to Blockchains. In other words, we can say that the five most preferred cryptocurrencies of the Real Vision bot in parallel with the surveys are as follows:
- Ethereum (ETH) 40 percent
- Bitcoin (BTC) 30%
- FTX Token (FTT) 22 percent
- Decentraland (MANA) 22 percent
- Quant (QNT) 22 percent
Regarding the exchange portfolio allocation based on the latest survey, Real Vision mentions that the current cons point to a very broad allocation for the stock market. Regarding the weighted allocations seen in the table above, Real Vision uses the following statements:
This week’s weights in the RealVision Exchange crypto portfolio. It points to a very broad allocation for the stock market. Bot generally likes to be more concentrated. But it also colors its allocation with various altcoins.
Background of Real Vision bot
Real Vision Bot was co-developed by analyst and hedge fund CEO Moritz Seibert and statistician Moritz Heiden. Raoul Pal, the company’s founder and macroeconomics expert, described the bot’s historic performance as “astonishing”. He also said that it outperformed the top 20 cryptoassets in the market by 20 percent combined.
Especially in the last few months, it is quite possible that the bot will outperform the general market. Because in the crypto money market, the largest cryptocurrencies with their market capitalization experienced great decreases. This first started when TerraUSD (UST) crashed in early May. Overall, confidence in the market has decreased and the amount of money entering has also decreased. Recently, however, this seems to be changing. Bitcoin and Ethereum manage to stay above certain levels after serious losses. Time will tell how the market will move in the long run.
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