RATE Group | Crypto Market Sentiment Almost Unchanged, Ethereum Enters Positive Zone
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Crypto Market Sentiment Almost Unchanged, Ethereum Enters Positive Zone

Crypto Market Sentiment Almost Unchanged, Ethereum Enters Positive Zone

Crypto Market Sentiment Almost Unchanged, Ethereum Enters Positive Zone 101
Source: Adobe/boscorelli

Cryptocurrency market sentiment remains in the neutral zone after taking a dive last week. According to the crypto market sentiment analysis tool Omenics, the combined moving 7-day average market sentiment score for the top 10 coins has slightly increased. It went from last week’s 5.08 to 5.13/10 this week, with Ethereum (ETH) joining Bitcoin (BTC) in a positive sentiment zone.

While the cryptocurrency market capitalization has been gradually dropping, four out of six top 10 coins have improved general perception. The most significant sentiment increase has occurred for ETH, which gained 8.4% and lifted its 7-day sentscore to 6.3, and Binance Coin (BNB), whose market sentiment rose by 8.2% and now is at 5.4. Tezos (XTZ) and Litecoin (LTC) have also increased their sentiment by 6.3% and 5.3% respectively and remain within the neutral zone.

Meanwhile, BTC remains at the top of the list and well in the positive zone, having registered a slight drop from…

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