Crypto Market Sentiment Slips, Still Remains Positive
After reaching a new all-time high last week, the combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization has corrected a bit lower, from 6.24 out of maximum 10 points, to 6.14 this week, shows crypto market sentiment analysis service Omenics. Aside from the two major coins, last week was good for Chainlink (LINK) and Binance Coin (BNB), both of whom entered the positive zone and increased their market sentiment the most, by 8.1% and 7.7% respectively.
The week wasn’t as good for Tether (USDT), whose market sentiment fell from 5.8/10 to 5.3/10 (-10,1%), Bitcoin Cash (BCH), whose sentiment dropped to 5.5/10 (-7%), and Litecoin (LTC), which remains in the positive zone despite a -5.8% drop in its sentscore, from 6.4/10 last week, to 6.1/10 today. 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 Meanwhile, the combined moving average sentscore for the top 10 coins in the last 24 hours (12:20 UTC) stands at 6.17 – precisely the same as last Monday’s 24-hour score.
