The crypto market seems to be bouncing back these days, following important corrections that have been taking place lately.
Check out the latest reports about the crypto traders’ choices.
Crypto traders’ preferences
The online publication the Daily Hodl notes that an autonomous bot that’s been outperforming the crypto market by using data from weekly surveys of traders and this shows a bullish leaning towards Ethereum, Solana, and more.
The Real Vision Bot was co-developed by quant analyst and hedge fund CEO Mortiz Seibert. This represents a way to obtain signals and gauge trader sentiment from fans of the financial content platform Real Vision.
Real Vision says the bot has had an ‘astonishing’ record of outperforming the aggregated bucket of top 20 cryptos by more than 20%. It’s important to note the fact that it does this by simply surveying the preferences of traders.
The Daily Hodl online publication notes the following:
“The latest survey results show a slight reshuffling of the dozen most popular crypto assets compared to last week. Traders still prefer a portfolio that is overweight in Ethereum (ETH), with 39% of respondents selecting ETH as their number one coin to go heavy on.”
It’s been also revealed that the smart contract platform competitor Solana (SOL) is a close second at 33%. It is followed by an open-source, decentralized blockchain network Algorand (ALGO) at 24%.
Realistic Ethereum price prediction
At the moment of writing this article, ETH is trading in the green and the coin is priced at $4,026.
It’s been just revealed that crypto analyst and trader Benjamin Cowen is addressing what he thinks is ahead for Ethereum (ETH) moving into 2022.
In a new strategy session, Cowen explained that Ethereum has been in a consolidation phase for the better part of 2021.
In order to forecast what could happen next for ETH, the analyst looks at previous consolidation phases in 2016 and 2017, both of which preceded massive breakouts to the upside.