RATE Group | Crypto Market Sentiment Back to Pre-Crash Level; Bitcoin Reigns Alone
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Crypto Market Sentiment Back to Pre-Crash Level; Bitcoin Reigns Alone

28 Oct Crypto Market Sentiment Back to Pre-Crash Level; Bitcoin Reigns Alone

Posted at 17:13h in Bitcoin News by

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Crypto Market Sentiment Back to Pre-Crash Level; Bitcoin Reigns Alone 101
Source: iStock/Easyturn

It has been an interesting past week for the Cryptoverse, seeing both a crash and a rally. The combined 7-day Sentscore for the top 10 coins by market capitalization didn’t rise for the fourth week in a row, but it didn’t drop either. It’s still at 4.94/10, where we saw it last Monday, according to Omenics, a crypto market sentiment analysis service.

This doesn’t mean, however, that there weren’t changes in the individual coins. Five out of the ten have scores above 5, with Bitcoin (BTC) taking the lead with a score of 5.6, up from last week’s 5.5. Unlike last week though, it’s not sharing the throne with XRP any longer, as XRP dropped to a score of 5.3. The remaining five coins have got Sentscores between 4.3 and 4.9.

Sentiment change among the top 10 coins*:
Interpreting the Sentscore’s scale:
– 0 to 2.5: very negative
– 2 to 4: somewhat negative zone
– 4 to 6: Neutral zone
– 6 to 7.5: somewhat positive zone
– 7.5 to 10: very positive

Crypto Market Sentiment Back to Pre-Crash Level; Bitcoin Reigns Alone 102

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