Surprising Everyone, Trader Shared Altcoin Selections!

Altcoin: Real Vision Bot continues to share the altcoin projects it trades. Created by Real Vision, a renowned financial company, the bot offers the latest portfolio allocations. Here are the details…

Decrease in users’ risk appetite

AmkNews.com As we reported, the Real Vision bot is known to outperform the top 20 cryptocurrencies combined. The robot’s latest portfolio allocation comes as Bitcoin and Etheruem struggle with certain levels of resistance. Bitcoin dropped below $20,000 the other day and is currently changing hands around $19,450. Other altcoins, on the other hand, do not perform well.

The Real Vision Bot conducts surveys each week to generate consistent algorithmic portfolio assessments with a “hive mind” consensus. The latest data from the bot shows that the risk appetite of traders has decreased slightly compared to recent weeks. Because the votes of most market participants stand out with the weight given to the biggest cryptocurrencies. An allocation of 57 percent was voted for Bitcoin, and 43 percent for Ethereum, the largest cryptocurrencies.

What altcoin projects are targeting the Real Vision Bot this week?

Lending and borrowing protocol Aave (AAVE) comes in third place with 33 percent. It is followed by Ethereum rival Solana (SOL) with 29 percent. Popular cryptocurrency exchange Binance’s native token BNB and decentralized finance protocol Uniswap (UNI) took fifth place with increased allocations of 20 percent. The latest version of the survey is as follows:

  • Bitcoin, 57 percent
  • Ethereum, 43 percent
  • Aave, 33 percent
  • Solana, 29 percent
  • BNB, 20 percent

Participants voted 16 percent for layer-2 scaling solution Polygon (MATIC), dollar-pegged stablecoin US Dollar Coin (USDC), smart contract platform Algorand (ALGO), and ETH competitor Cardano (ADA). Both ALGO and ADA were in the news this week after it was announced that senior Cardano architect John Woods has left Input Output Global (IOG) to work for Algorand. The project that completed the list of weighted cryptocurrencies with 14 percent was the layer-1 smart contract platform Avalanche (AVAX).

Among the cryptocurrencies that fell from the list as “neutral” this week was the decentralized cross-chain liquidity protocol THORChain. Also featured was the decentralized application creation protocol Hedera Hashgraph (HBAR) and the 3D virtual reality world Decentraland (MANA). Real Vision founder and macroeconomics expert Raoul Pal described the historical performance of the bot as “astonishing,” saying it has historically outpaced a bucket of the top 20 cryptoassets on the market by more than 20 percent.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.