Crypto NewsPolkadot (DOT)

“Hive Mind” Algorithm Shows Crypto Traders Bullish on Polkadot (DOT), Avalanche (AVAX) and Polygon (MATIC)

An autonomous bot that has outperformed the cryptocurrency market using data from weekly polls of traders points out that several altcoins are taking market share from crypto titans Bitcoin (BTC) devour Ethereum (ETH).
The Real Vision Bot was co-developed by quantitative analyst and hedge fund CEO Mortiz Seibert to receive signals and assess trader sentiment from fans of the Real Vision financial content platform.

According to Real Vision, the bot has an “amazing” record of beating the aggregate bucket of top 20 cryptos by more than 20% simply by surveying trader preferences.

In a new tweet, Real Vision says that while the algorithm has seen an increase in Polka dot (DOT)-Stocks recorded, but the algorithm is part of the Avalanche (AVAX) smart contract platform and Layer 2 scaling solution Polygon (MATIC).

“Latest crypto portfolio weights from @RealVision Exchange. It’s getting tight in the Exchangeportfolio.

Ethereum, Bitcoin and Terra were reduced in weight.

Polkadot, AVAX, and Polygon have been increased. The bot prefers/likes the last two.”
Source: RealVision/Twitter
The latest poll results show that while traders still prefer a portfolio with multiple Ethereum, that 19.1% allotment is down 2.36% from last week.

Bitcoin is fifth on the list, down 3.36% to 10.3% of the portfolio weight.

Leading the bot’s portfolio was Polygon, which is up 4.59% for a total of 15.9%. Avalanche ranked seventh with 9.87% of bot holdings, up +4.41% overall over the past week.

Polkadot rose 5.32% of real crypto exchange holdings to 9.81% despite the low interest of the bot algorithm.

Decentralized finance protocol Terra (LUNA) is third at 14.7% of the portfolio weight, down 3.41% weekly, followed by the Blockchainplatform for businesses Fantom (FTM), which saw an increase of 2.29% to 10.8% of stocks.

Rounding out the top 9 crypto assets was the decentralized network Cosmos (ATOM) on the sixth, the virtual game world Decentraland (MANA) in eighth place, followed by the decentralized oracle network chainlink (SHORTCUT).
“Hive Mind” Algorithm Shows Crypto Traders Bullish on Polkadot (DOT), Avalanche (AVAX) and Polygon (MATIC), Crypto Trading NewsSource: RealVision/Twitter
Participants in the Real Vision Bot polls do not necessarily have to own the crypto in question in order to be able to vote for it. In an interview with Real Vision, the bot’s co-creator Moritz Seibert describes it as a “hive mind” capable of beating other entities in the crypto ecosystem.

“This bot is really fascinating because it started out as a research project where we connected it to a Real Vision Exchange to keep paper portfolios based on weekly polls where we wanted to find out if there is a Real Vision Hive Mind that can do this the markets beat, and so can the interviewees, the professionals who are being interviewed on the Real Vision platform.

And so it turns out there is a Hive Mind crypto portfolio that is way ahead of the bot-powered crypto portfolio and the experts and the market.”
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Source: Crypto News Deutsch

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