The sentiment in the crypto market is almost unchanged as Tether takes the lead

Source: iStock / Never

The last week of January was without any major changes in market sentiment in either direction. The combined 7-day moving average for the crypto market (Sentscore) for the 10 major coins rose slightly from 5.77 last week to 5.8 today, according to crypto market sentiment analyzer Omenics. So it’s pretty much where it was two weeks ago.

Remarkably, only 4 of the top 10 coins saw their respective sentscores rise – and one of them tops the rest. Tether’s (USDT) sentscore rose 23.7% over the past week. In comparison, Chainlink (LINK) is up a little more than 1%, while Bitcoin (BTC) and Stern (XLM) both saw an increase of 0.5%.

On the other side are the red coins. XRP and Cardano (ADA) fell the least with less than 1%, followed by 1% for Ethereum (ETH), while for Polkadot (DOT) and Binance Coin (BNB) the values ​​fell by 2.6% and 2.8 respectively %, respectively.

With that, Litecoin (LTC) remains the coin that fell the most at 9.4% over the past week.

While the same coins remain in the positive zone for the third straight week, Bitcoin is now the only green among them, with the situation reversed last week. Unlike three coins last time, two are below the score of 5 this time.

Change of mood among the top 10 coins *:
Interpretation of the Sentscore 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.

Crypto market sentiment nearly unchanged as Tether takes the lead 102Source: Omenics, 12:19 UTC

Meanwhile, the sentiment of the top 10 coins has returned to the positive zone in the past 24 hours with a value of 6.05 from 5.79 last Monday. This could possibly also indicate a further increase in the weekly Sentscore, but at the same time only four are actually green in the last 24 hours. To date, the four coins in the positive zone are linked by stars, while no coin is below the 5.2 value (LTC and USDT).

Daily Bitcoin Sentscore change in the last month:

Crypto market sentiment nearly unchanged as Tether takes the lead 103Source: Omenics

In addition to the top 10 coins, Omenics rates 26 more. And most of them also had a red week. The sent scores of just seven have increased in the past seven days, and the highest increase is 6.8% at EOS. There are plenty of drops in the meantime, with the coin (CRO) having the highest number at 13.5%. That said, eight coins are in the positive zone, save for ten – back to the number recorded two weeks ago. And while three coins have less than 5 points, two more than last week, none are anywhere near the negative zone.


* – methodology:

Omenics measures market sentiment by calculating the Sentscore, which aggregates sentiment from news, social media, technical analysis, viral trends and coin fundamentals based on their proprietary algorithms.
The website says: “Omenics combines trending news articles and viral social media posts into an all-in-one data platform that you can also use to analyze the sentiment of content. Later, Omenics merges the two sentiment indicators from news and social Media added. ” with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the Sentscore which contains a general outlook for each coin. “They are currently evaluating 36 cryptocurrencies.

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