Recent data show that sentiment in the digital currency market is once again out of range and is currently neutral.
to the Report Crypto News, the sentiment in the digital currency market entered the positive range last week, but could not maintain its position in this range. Data from the analytical website Omenics show that the 7-day moving average of the market sentiment score, or sentscore, for the major currencies in the market has decreased from 6.08 last week to 5.94.
The Omnix platform examines market sentiment based on news, social media, technical analysis, popular trends, and fundamental factors related to each digital currency, and its affiliate algorithms. Currently, the platform handles only 35 digital currencies. Emotion score is always a number between 0 and 10, with a score above 5.9 in the positive zone and a score below 4 in the negative zone.
In the last seven days, only the digital currency has gained two cents, both of which have been stable coins. During this period, the USCin (USDC) has increased by 9% and the Tetra has increased by 2%. The rating of Tetra and other currencies on this list is higher than 5, however, the growth of the USQUQUIN STORY SCORE has not been enough to bring the score of this digital currency in the range of 5 to 5.9.
The rate of fall of the St. Score currencies of this list has been relatively small. The biggest drop was in Litecoin, which experienced a 5% drop in market sentiment, followed by Bainance Coin, Ripple and Polkadot 3% each, Ethereum 2%, Bitcoin and Cardano 1% and Uniswap 0. They had a 4% decrease in St. Score.
The number of positively traded currencies, which was 6 last week, has dropped to 5 this week. The 5 positive currencies on this list are Bitcoin, Ethereum, Polkadot, Cardano and Uniswap, respectively. Four of the currencies on the list have a score between 5.4 and 5.7, and the US Quinn with a score of 4.8 has the most negative emotions among the top 10 currencies in the market.
Interpretation of market sentiment points:
- 0 to 2.5: Very negative
- 2 to 3.9: Somewhat in the negative zone
- 4 to 5.9: Neutral zone
- 6 to 7.49: Somewhat in the positive zone
- 7.5 to 10: Very positive
The sentiment in the digital currency market has deteriorated over the past 24 hours. The average 24-hour score of the 10 digital currencies on the list, which was 6.22 last Monday, has dropped to 5.88 on Monday this week. The 24-hour change shows that the 4 currencies have fallen against the St. Score, with US Quinn, which had the best performance in the 7-day change, having the worst performance in the last 24 hours, with an 8% drop in emotional points. The smallest decrease is related to Ethereum, which has lost only 0.3 percent of its St. Score.
On the other side of the list are the currencies that have seen an increase in the St. Mark in the last 24 hours. The largest increase in points was related to Ripple, which had a 5% increase in St. Score during this period, while the Pulkadat score was completely unchanged. Although the average 24-hour emotional score of the currencies on this list has decreased and is out of the uptrend range, 4 currencies still have positive points, among which Bitcoin has a score of 7.2 and Ethereum, Cardano and Polkadot have a score of 6.4. رسندهاند. Other currencies have a rating between 5.1 and 5.9, with the exception of the US Quinn, whose St. Score is again below 5 and now stands at 4.4.
Of the other 25 currencies Omnix surveyed, only the St. Mark’s Day rose 9 currencies a week. Monroe had the best performance with 21% growth, OmiseGO was in second place with 9% growth and ZRX digital currency (ZRX) had the lowest growth of 0.1%. On the other hand, Synthetix had the largest decrease in St. Score with a fall of 7.7 percent, and Waves also experienced a decrease of 7% with a slight difference. Meanwhile, Qtum has recorded the lowest drop in the last seven days with a decrease of 0.6%.
Currently, only four items on the Omnix 25-currency list are in the positive range, compared to 10 last week. Last week there were 4 currencies and this week only 2 St. Score currencies are below 5, which means that the other 2 currencies have reached the neutral range at 5 to 5.9.