‘Astonishing’ Crypto Algorithm Shows Traders Are Bullish on Bitcoin, Ethereum and Two Gaming Altcoins
An autonomous bot known for outperforming the crypto market using weekly surveys from traders shows a bullish leaning towards Bitcoin, Ethereum, Solana and two additional gaming altcoins.
The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert as a way to obtain signals and trader sentiment from fans of the financial content platform Real Vision.
According to Real Vision, the bot has had an ‘astonishing’ record as it outperforms the aggregated bucket of top 20 cryptos by more than 20%, simply by taking surveys from traders.
This week, the survey’s results show that traders mostly prefer a portfolio that is overweight in Ethereum (ETH), with 84% of respondents selecting ETH as their number one coin to go heavy on.
In fifth place was the virtual reality platform Decentraland (MANA), with 43% of traders preferring to be overweight on its MANA token. Another 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, with roughly 30% of respondents wanting their portfolio to be overweight in ENJ.
Participants in the Real Vision Bot’s surveys don’t necessarily have to own the crypto in question in order to cast a vote for it. 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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