Source: iStock\/primeimages<\/p>\n
Following a small drop seen last week, crypto market sentiment score (sentscore) is now right back where it was two weeks ago and not a step further, as per crypto market sentiment analysis site Omenics. The combined moving 7-day average sentscore for the top 10 coins is back to 5.77\/10. <\/p>\n
With the rise in prices - particularly bitcoin (BTC) and ethereum (ETH) surpassing the crucial USD 10,000 and USD 300 levels, respectively - we are also seeing a rise in the majority of the top 10 coins' sentscores. <\/p>\n
All but binance coin (BNB) and chainlink (LINK) are green this week. <\/p>\n
This also means that LINK has dropped out of the positive zone, and with no coin taking its place, leaving only two coins there: bitcoin and ethereum, both of which saw a significant rise in their respective scores. Bitcoin already reached the relatively rarely seen sentscore of 7, while ethereum stands nearby with 6.7. <\/p>\n
The large majority of the remaining coins are in the 5-5.9 range, with only bitcoin cash (BCH) staying below. However, it too is a the verge of this range, seeing a score increase in the past seven days. <\/p>\n
The definite winner of the week is one of the last week's two green coins: tether (USDT)'s score went up nearly 25%. Two other coins saw two-digit rises, albeit a lot smaller ones in comparison, these being EOS and bitcoin.<\/p>\n
As for the last 24 hours, the situation is even better. The combined moving average sentscore for the top 10 coins has entered the positive zone with 6.2\/10 - compared to last week's 5.2. Bitcoin and ethereum have scores of 7.7 and 7.2, respectively, while cardano (ADA), litecoin (LTC), and LINK all entered the positive zone with scores of 6 and above. The other five coins also have high sentscores, between 5.4 and 5.9. <\/p>\n
Sentiment change among the top 10 coins*:Interpreting the sentscores scale:- 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<\/p>\n
Daily Bitcoin sentscore change in the past month:<\/p>\n
The 29 coins outside the top 10 list have also had a good week for the most part. Sixteen are green, none are in the negative zone, and three are in the positive zone: IOTA (MIOTA), waves (WAVES), and NEM (XEM). <\/p>\n
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* - Methodology:<\/p>\n
Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms.As their website explains, Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment, later adding, Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin. For now, they are rating 39 cryptocurrencies.<\/p>\n
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Read more: <\/p>\n
Crypto Market Sentiment is Back Up, Bitcoin & Ethereum In The Positive Zone - Cryptonews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Source: iStock\/primeimages Following a small drop seen last week, crypto market sentiment score (sentscore) is now right back where it was two weeks ago and not a step further, as per crypto market sentiment analysis site Omenics. The combined moving 7-day average sentscore for the top 10 coins is back to 5.77\/10. Continue reading