Crypto Market Sentiment Sinks into Neutral Zone; EOS Rules the Week – Cryptonews

Crypto Market Sentiment Sinks into Neutral Zone; EOS Rules the Week 101
Source: iStock/Nikada

The combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization dropped out of the positive zone last week, and though it had stood very near the border at the time, it sunk deeper into the neutral zone since, according to the crypto market sentiment analysis service Omenics. Compared to the score of 5.92 a week ago, the sentscore for the past seven days is now 5.55/10.

Despite bitcoin (BTC) making a significant break last week, nearing the USD 14,000 level, the top 10 coins didn’t see the best of weeks sentscore-wise. All but two of the coins’ scores fell. These two are the winners of the week, the first of which is EOS, having risen 6% to the score of 4.7. And this comes after the coin stood as the second-largest loser of the last week, behind tether (USDT).

The other green coin is litecoin (LTC), which experienced a 21% rise in its price in October, and now its sentscore also went up 2.3% – though that wasn’t enough to lift it from last week’s score of 6.1. Nonetheless, it’s still one of only three coins in the positive zone.

Speaking of which, despite their respective falls, bitcoin and ethereum (ETH) still remain in the
Source…

|

.