Crypto Market Sentiment Slightly Up in a Week, Bloody in a Day
The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets went up from 4.9 recorded seven days ago to 5.05 – back at the level seen two weeks ago, according to the market sentiment analysis service Omenics. Additionally, there is a single coin in the positive zone over the past week – but four in the negative zone over the past 24 hours.
Overall, the week has been green for the first 10 coins on the list, with six of them seeing a rise in their respective scores – two even double digits. These are cardano (ADA)'s 16% and tether (USDT)'s 13%, making them the week's winners. While bitcoin (BTC)'s sentscore went up almost 6% over the past seven days, followed by binance coin (BNB)'s 5%, ethereum (ETH) and polkadot (DOT) saw their scores rise 3%.
When it comes to the red coins, the highest decrease is that of crypto.com (CRO), having dropped nearly 10%. It's followed by USD coin (USDC)'s almost 7%, XRP's 3%, and cosmos (ATOM)'s also almost 3%.
That said, ATOM is the only coin in the positive zone this week, standing on the verge of it with a score of 6. The majority of other coins stand between USDC's 5 and BTC's 5.9, while XRP, CRO, and BNB sit below the score of 5 – but not dipping into the negative zone.
Sentiment change among the top 10 coins*:Interpreting the sentscore’s 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 zone.
Looking at the overall sentscore for these 10 coins in the past 24 hours, we find it at 4.3. Much like the crypto market has turned bloody over the past few days, so have the sentscores: all ten are down, and notably so. The highest among these is ADA’s 24%, followed
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