The total market has fallen by a similar amount, losing $1.5 trillion in just two months. It has sparked predictions of a 'Crypto Winter', similar to those seen after the 2013 and 2017 bull markets.
Although analysts are divided on the direction the market will take from here, Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), and Ripple (XRP) have failed to recover from the decline so far.
However, demand for Ethereum and three other altcoins is strong, according to an autonomous bot that has been beating the crypto market by leveraging data from weekly trader surveys.
Ethereum and Polygon
According to the latest survey results, while Ethereum (ETH), the most popular smart contract platform, remains popular with investors 64% overweight compared to the bot, Polygon layer 2 scaling solution ( MATIC) has grown to the same level.
Ethereum and Polygon are trading at $2,458 (up 2%), $1.56 (up 5.3%), respectively.
MOON
Terra (LUNA), a decentralized finance protocol, is just one percentage point behind in third place at 63 percent.
At press time, LUNA is trading at $64.37 down 2.7% in the last 24 hours. Resistance on the upside is at $69 and support at $62.
Bitcoin
Despite the rocky ride it has had since reaching an all-time high in November, Bitcoin (BTC) is in fourth place, with 62 percent of respondents preferring to overweight their holdings with BTC.
At the time of writing, BTC is trading at $36,855, up 1.2%. Resistance is at $38K and support at $35K.
Solarium
Solana (SOL), a smart contract platform and ETH rival, rounds out the top 5 crypto assets with a 48 percent share.
At the time of writing, SOL is trading at $95.26, up 4.8% in the last 24 hours. Resistance is at $100 and support at $87.
ATOM, AVAX, FTM and POINT
Cosmos (ATOM), an interoperable blockchain ecosystem, ranked sixth, followed by Avalanche (AVAX), a layer 1 smart contract platform, and Fantom, an enterprise-grade blockchain platform (FTM).
Polkadot (DOT), a cross-chain interoperability protocol, and Chainlink (LINK), a decentralized Oracle network, round out the top ten.
DOT is trading at $18.67 with an increase of 5.2% in the last 24 hours. Resistance is at $19 and support at $17.4.
Mortiz Seibert, quantitative analyst and CEO of hedge funds, co-created the real vision robot as a tool to receive alerts and assess the sentiment of consumers' merchants from the Real Vision financial information platform.
The bot has an โastonishingโ track record, according to Real Vision, outperforming the aggregate group of top 20 cryptocurrencies by more than 20% just when surveying trader preferences.
