Crypto Market Sentiment Improves, Is Highest In A Month

Crypto market sentiment is soaring as its combined moving 7-day average sentscore for the top 10 coins is reaching new short-term highs near the positive zone – a move not seen since the beginning of summer. The latest entrant to the positive zone, as well as the top 10 coins by market capitalization, is Chainlink (LINK), whose sentscore increased by 15% last week and reached 6.2.

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 Looking at the 24-hour timeframe, the combined average sentscore for the top 10 coins is down to 5.4/10, as LINK is the only project with a notable growth of 5%, up to 6.5 at pixel time. Zooming out to all 39 coins measured by Omenics, it is clear that the crypto market had a positive week, as there are no coins with a negative 24 hour as well as a 7-day market sentiment score.

Timeline of Chainlink