Algorithm known for outperforming Bitcoin and Crypto markets abruptly favors Ethereum’s main competitor

A trading robot with a reputation for outperforming digital asset markets is sharing its most recent portfolio allocations amid the ongoing cryptocurrency bear market.

Each week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate “hive” consensus.

The bot is the last data reveals that traders continue to have a strong preference for Ethereum (ETH), with the majority of market participants (over 60%) voting to overweight their portfolios with ETH.

An ETH competitor, however, jumped to second place this week. Over 43% of attendees voted for the overweight of the Solana (SOL) Tier 1 smart contract platform.

SOL is trading at $ 32.58 at the time of writing. The tenth crypto asset by market cap fell 0.44% in the past 24 hours.

Bitcoin (BTC) came in third with an allocation of 37.5%, followed by the level 2 solution ETH Polygon (MATIC), which had an allocation of 28.57%.

Rounding out the top five is Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other. ATOM had an allocation of 26.19%.

Source: Real Vision Bot / Twitter

The Real Vision Bot was co-developed by quantitative analyst Moritz Seibert and statistician Moritz Heiden.

Real Vision founder and macro guru Raoul Pal called the bot’s historical performance “amazing”. The former Goldman Sachs executive says the bot outperforms an aggregate bucket of the top 20 crypto assets on the market by more than 20% simply by responding to polls from digital asset traders.

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Disclaimer: The views expressed by 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 note that your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling 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 / SvetaZi / Natalia Siiatovskaia

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