Crypto Market Sentiment Dropped, EOS Fell The Most
The aggregate moving 7-day average crypto market sentiment score for the top 10 coins by market capitalization has dropped by 7.7%, from 5.55 last week to 5.12 this Monday, according to Omenics, a crypto market sentiment analysis service. During the past seven days, most of the top cryptoassets saw their sentiment tumble deeper into the neutral zone, as sentscores of six out of ten top coins fell by more than 10%, including bitcoin (BTC), tether (USDT), chainlink (LINK), litecoin (LTC), and EOS.
Sentiment change among the top 10 coins*:
– 0 to 2.5: very negative
– 2 to 3.9: somewhat negative zone
– 4 to 5.9: neutral zone
– 6 to 7.49: somewhat positive zone
– 7.5 to 10: very positive
Though bitcoin and altcoins are trying to recover today, the combined crypto market sentiment for the top ten coins during the last 24 hours does not show signs of major improvement yet, as it remains in line with the cumulative weekly sentscore and currently (12:30 UTC) sits at 5.14. What’s more, BTC, USDT, and LTC sentscores have fallen by more than 8%, and XRP is the only crypto asset whose market sentiment appears to be appreciating – it went up by 4% today but remained in the neutral zone.
