Machine Learning for Crypto Portfolio Management Case Study: Week 8

Shrimpy ML Strategy

The Shrimpy ML Strategy leverages the 7-day price predictions generated by the Shrimpy ML engine. These price predictions are then used to determine which assets should be placed into our portfolio for this week. Additional information regarding the methodology can be found in our previous article.

The picks this week from Shrimpy, while not positive, were resistant to the downward momentum felt across most of the market and due to this — Shrimpy has overtaken both indices in total performance.

Portfolio Allocations

Each of the following assets was allocated exactly 10% of the total portfolio value for the eighth week of this study.

  1. DigitalBits (XDB): Projected 7-day profit: +75.55%
  2. Kadena (KDA): Projected 7-day profit: +53.61%
  3. e-Money (NGM): Projected 7-day profit: +39.05%
  4. Telos (TLOS): Projected 7-day profit: +36.09%
  5. Ren (REN): Projected 7-day profit: +35.02%
  6. Zel (FLUX): Projected 7-day profit: +34.13%
  7. Formation Fi (FORM): Projected 7-day profit: +34.10%
  8. Equalizer (EQZ): Projected 7-day profit: +31.90%
  9. Elastos (ELA): Projected 7-day profit: +31.61%
  10. 2crazyNFT (2CRZ): Projected 7-day profit: +29.16%
  1. CashBet Coin (CBC): Projected 7-day profit: +38.94%
  2. Huobi Token (HT): Projected 7-day profit: +37.63%
  3. DigitalBits (XDB): Projected 7-day profit: +36.58%
  4. Formation Fi (FORM): Projected 7-day profit: +31.65%
  5. Velo (VELO): Projected 7-day profit: +30.36%
  6. Lympo (LYM): Projected 7-day profit: +25.36%
  7. RedFOX Labs (RFOX): Projected 7-day profit: +25.10%
  8. Phantasma (SOUL): Projected 7-day profit: +24.08%
  9. Opacity (OPCT): Projected 7-day profit: +21.52%
  10. Nimiq (NIM): Projected 7-day profit: +21.42%

Portfolio Starting Value

The Shrimpy ML Strategy was allocated exactly 1,000 USDT at the start of this study.

Try the Shrimpy ML Forecasts

Disclaimer: Shrimpy’s price forecasts are for entertainment purposes only.

Nomics ML Strategy

The Nomics ML Strategy leverages the 7-day price predictions generated by the Nomics ML engine. These price predictions are then used to determine which assets should be placed into our portfolio for this week. Additional information regarding the methodology can be found in our previous article.

Nomics picks this week, much like Shrimpy’s, were resistant to downward pressure. Nomics is still the top performing portfolio at this time.

Portfolio Allocations

Each of the following assets were allocated exactly 10% of the total portfolio value for the eighth week of this study.

  1. Tezos (XTZ): Projected 7-day profit: +31.44%
  2. Filecoin (FIL): Projected 7-day profit: +27.35%
  3. Fantom (FTM): Projected 7-day profit: +27.03%
  4. Solana (SOL): Projected 7-day profit: +25.96%
  5. Enjin (ENJ): Projected 7-day profit: +24.06%
  6. Theta Token (THETA): Projected 7-day profit: +23.32%
  7. Terra (LUNA): Projected 7-day profit: +22.54%
  8. Flow (Dapper Labs) (FLOW): Projected 7-day profit: +22.00%
  9. Ziliqa (ZIL): Projected 7-day profit: +21.82%
  10. Decred (DCR): Projected 7-day profit: +21.16%
  1. Shiba Inu (SHIB): Projected 7-day profit: +48.52%
  2. Fantom (FTM): Projected 7-day profit: +43.58%
  3. Harmony (ONE): Projected 7-day profit: +37.31%
  4. Bitcoin SV (BSV): Projected 7-day profit: +19.46%
  5. Bitcoin (BTC): Projected 7-day profit: +13.81%
  6. Decred (DCR): Projected 7-day profit: +13.68%
  7. Bitcoin Cash (BCH): Projected 7-day profit: +9.75%
  8. XRP (XRP): Projected 7-day profit: +8.44%
  9. NEM (XEM): Projected 7-day profit: +8.03%
  10. Stellar (XLM): Projected 7-day profit: +6.92%

Portfolio Starting Value

The Nomics ML Strategy was allocated exactly 1,000 USDT at the start of this study.

Decentralized Finance Index Strategy

The Coin Market Cap DeFi Index Strategy uses the asset market caps combined with the Decentralized Finance asset tag that are calculated by “CoinMarketCap” to determine which assets should be included in the portfolio. Additional information regarding the methodology can be found in our previous article.

The DeFi sector was hit especially hard during this particular round of profit taking, which is unsurprising given how well this sector has done recently. Tezos and Fantom both did well enough to find spots within the top 10 for this portfolio replacing Sushiswap and Compound, however this portfolio is still last in overall performance.

Portfolio Allocations

  1. Uniswap (UNI): 18.77% Allocation (adjusted from 22.15%)
  2. Terra (LUNA): 17.96% Allocation (adjusted from 18.11%)
  3. Avalanche (AVAX): 14.66% Allocation (adjusted from 9.92%)
  4. Chainlink (LINK): 13.98% Allocation (adjusted from 15.18%)
  5. Tezos (XTZ): 7.23% Allocation (adjusted from 0%)
  6. Fantom (FTM): 7.12% Allocation (adjusted from 0%)
  7. Pancake Swap (CAKE): 5.28% Allocation (adjusted from 6.75%)
  8. AAVE (AAVE): 5% Allocation (adjusted from 6.34%)
  9. The Graph (GRT): 5% Allocation (adjusted from 6.11%)
  10. Maker (MKR): 5% Allocation

Removed

Sushiswap (SUSHI)
Compound (COMP)

Portfolio Starting Value

The DeFi Index Strategy was allocated exactly 1,000 USDT at the start of this study.

Smart Contracts Index Strategy

The Coin Market Cap Smart Contracts Index Strategy uses the asset market caps combined with the Smart Contracts asset tag that are calculated by “CoinMarketCap” to determine which assets should be included in the portfolio. Additional information regarding the methodology can be found in our previous article.

The Smart Contracts index was held up by Tezos and Fantom, however, it still had the third-worst performance this week and is third overall.

Portfolio Allocations

  1. Cardano (ADA): 25% Allocation
  2. Ethereum (ETH): 24.99% Allocation (adjusted from 25.01%)
  3. Avalanche (AVAX): 8.56% Allocation (adjusted from 6.11%)
  4. Chainlink (LINK): 8.17% Allocation (adjusted from 9.36%)
  5. Algorand (ALGO): 7.46% Allocation (adjusted from 5%)
  6. Stellar (XLM): 5.82% Allocation (adjusted from 6.69%)
  7. Fantom (FTM): 5% Allocation (adjusted from 0%)
  8. Tezos (XTZ): 5% Allocation (adjusted from 0%)
  9. Ethereum Classic (ETC): 5% Allocation (adjusted from 6.52%)
  10. VeChain (VET): 5% Allocation (adjusted from 6.31%)

Removed

NEO (NEO)
EOS (EOS)

Portfolio Starting Value

The Smart Contracts Index Strategy was allocated exactly 1,000 USDT at the start of this study.

Conclusions

While certain assets like SHIB and KISHU are taking full advantage of the extra room afforded by BTC’s current movement, the rest of the market seems to be struggling to keep up as traders exit risky positions for the safety of BTC. With many analysts predicting an imminent BTC movement to levels previously widely accepted as unthinkable, this week brings into question just how much altcoins will benefit from such a run.

Disclaimer

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Shrimpy or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

About us

Shrimpy is an automated portfolio management platform that helps cryptocurrency investors manage their capital through the use of a simple and intuitive app that saves time and money with the power of automation.

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