An autonomous bot that is known for consistently outperforming the market based on weekly survey results from crypto traders shows they’re bullish on top market caps Bitcoin, Ethereum and Solana as well as two additional gaming altcoins.
Quant analyst and hedge fund CEO Mortiz Seibert is a co-developer of the Real Vision Bot, which collects signals and trader sentiment from fans of the financial content platform Real Vision.
According to Real Vision, the bot has had an ‘astonishing’ record of outperforming the aggregated bucket of the top 20 cryptocurrencies by more than 20%, simply by analyzing the data taken from the surveys with traders.
This week, the survey’s results show that traders mostly prefer a portfolio that is overweight in Ethereum (ETH), with 84% of survey responders selecting ETH as their number one coin to go heavy on.
Coming in fifth place in the survey was the metaverse virtual reality platform Decentraland (MANA), with 43% of traders preferring to be overweight on its MANA token. Another metaverse gaming altcoin on the Real Vision Bot’s top 10 is Enjin Coin (ENJ), the utility token for non-fungible tokens (NFTs) on the Enjin ecosystem. Roughly 30% of respondents wanted their portfolio to be overweight in ENJ.
Participants in the Real Vision Bot’s weekly surveys don’t have to own the cryptos in question in order to cast their vote for them. In an interview with Real Vision, the bot’s co-creator Moritz Seibert describes it as a “hive mind” that is able to beat other entities in the crypto ecosystem.
“This bot is really fascinating because it started as a research project, where we linked it up with a Real Vision Exchange to run paper portfolios based on weekly surveys, where what we wanted to find out is if there’s a Real Vision hive mind that can beat the markets and that can also beat the interviewees, the professionals that are interviewed on the Real Vision platform.
And so, as it turns out, there is a hive mind crypto portfolio that’s far ahead of the bot run crypto portfolio and the experts and the market.”
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