The crypto sentiment indicator from Sentifi sees in the Top 5 last week Stellar (XLM), Binance Coin (BNB), Dogecoin (DOGE), Chainlink (LINK) and Ethereum (ETH).
feeling, the alternative data provider’s AI platform that analyzes data from social media, news and blogs, revealed the market’s crypto fear euphoria trends over the past week.
Crypto sentiment, the ranking
To capture the first place of market euphoria there is Star (XLM) who had a Mood score of 40 and 12% attention. Silver medal for Binance Coin (BNB) with a sentiment score of 37.
Still on the podium Dogecoin (DOGE), the meme crypto, which, despite a 20% drop in the last seventh, retains third place with a sentiment score of 36. In the previous week, however, the mood of DOGE was 46.
After the top 5 of the crypto-euphoric sentiment, we find Chainlink (LINK) and Ethereum (ETH) with respective values of 35 and 34.
A fall in interest appears instead to have touched Uniswap (UNI), which instead ranks in the top 5 this week from a sentiment of 60 points in the previous week, which saw it first. Litecoin (LTC) also saw a decline.
Crypto Sentiment and Price: What Has Changed?
The development of sentiment among market participants could to a certain extent be related to the price of the assets. Compared to the top 5 by Sentifi, the crypto prices have changed so much.
In the past two weeks Stellar (XLM) saw a price surge causing it to fluctuate between $ 0.36 and $ 0.40 compared to $ 0.24 and $ 0.30 in the previous weeks.
In this case, the optimism is reflected in price growth.
Binance Coin (BNB), fourth largest crypto by market cap, has seen the same thing Upward trend just over in the last few weeks from $ 350 to $ 426, with a great price pump over the weekend with BNB close to $ 500.
Scroll through the ranking Dogecoin (DOGE) that he saw recently revive there Dogecoin Foundation with new representatives Elon Musk and Vitalik ButerinHe saw a price pump that took him from $ 0.25 to $ 0.32.
Likewise SHORTCUT it went from $ 26 the previous week to $ 29 while ETH it has risen from $ 3,100 per share $ 3,350.
On the negative side is Uniswap (UNI), which fell from $ 29 the previous week to $ 25, but fell back to $ 29 over the weekend.
Bitcoin sentiment and BTC price
Today is a special day for Bitcoin: the price of the crypto queen BTC has actually exceeded the psychological limit of $ 50,000.
And not only that, even if it doesn’t appear in Sentifi’s top 5, his Today’s Fear and Greed Index hit 79: extreme euphoria.
Bitcoin Fear and Greed Index is 79 ~ Extreme Greed pic.twitter.com/677WmENjEk
– Bitcoin Fear and Greed Index (@BitcoinFear) August 23, 2021
And indeed, after a week that hovered at $ 46,000, the price of BTC hit the new price of 50,000 over the weekend.