Algorithm Known for Outperforming Crypto Markets Allocates to Ethereum, Polygon and Two Additional Assets
An algorithm with a reputation for outperforming the crypto markets is showing a preference for Ethereum (ETH) and three other large-cap digital assets amid uncertain trading conditions.
Each week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments to create a “hive mind” consensus.
At time of writing, MATIC is trading at $0.86, down 70% from its all-time high. Meanwhile, Ethereum is down further, a 75% devaluation from its record high.
The bot’s altcoin portfolio is topped off with Ethereum rivals Polkadot (DOT) and Avalanche (AVAX), followed by blockchain interoperability system Quant (QNT) and decentralized oracle network Chainlink (LINK).
According to those who run the Real Vision Bot, the heavy allocation to USDC could be a sign that traders want to de-risk as the fallout from the collapse of crypto exchange FTX unfolds.
The Real Vision Bot was co-developed by quant analyst Moritz Seibert and statistician Moritz Heiden.
According to Real Vision, the bot’s allocations, which are based on aggregated opinions of crypto traders, have historically outperformed the top 20 crypto assets on the market by more than 20%.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Zaleman
The post Algorithm Known for Outperforming Crypto Markets Allocates to Ethereum, Polygon and Two Additional Assets appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
