cryptoshitcompra.com/wp-content/uploads/2021/10/-sentimiento-in-the-mercado-de-las-criptomonedas-increas-con.jpg »width =» 900 ″ class = »content-img» alt = »» /> Source: iStock / honglouwawa

Sentiment in the cryptocurrency market continues to improve, after last week’s spike, this week’s jump, and the general rise in prices in the cryptocurrency market, and is once again approaching the positive zone. 7-day average cryptocurrency market sentiment score (sentscore) for top ten cryptocurrencies is now 5.87, up from 5.17 seen this time last week. Additionally, there are now four currencies in the positive zone, according to data provided by the market sentiment analysis service. Omenics.

All but one of the top 10 currencies on the list have risen over the past week. USD (USDC) coin alone, one of last week’s winners, fell almost 8%. This decline resulted in it remaining as the only currency among its peers below a score of 5.

Meanwhile, the increases are strong – it’s been a long time since we last saw such high percentages. highest increase is 47% from Binance Coin (BNB), making it the winner of the week by far. XRP in second place was up nearly 25%, followed by litecoin (LTC), bitcoin (BTC), and polkadot (DOT), which were up 23%, 22%, and 20% respectively.

While ethereum (ETH), uniswap (UNI) and tether (USDT) grow more than 11%.

Its surge has pushed BTC back into 7-8 territory, now scoring 7.4, down from 6.2 seen last week. ETH is also in the positive zone, going from 6 to 6.9. To the two are added 6.5 from DOT and 6.1 from UNI. Besides the USDC, the other currencies are all in the range of 5.2 and 5.8.

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Change in sentiment among the top 10 currencies *: Interpretation of the sentscore scale: – 0 to 2.5: very negative – from 2 to 3.9: slightly negative zone – from 4 to 5.9: neutral zone – From 6 at 7.49: somewhat positive area – 7.5 at 10: very positive area.

png »width =» »class =» content-img »alt =» »/> Source: Omenics, 11:13 UTC

Over the past 24 hours, the crypto market sentiment for these top 10 currencies has held at 5.86, thus pretty much the same as it was on the week, compared to 5.9 on Monday. Today half of the list is green, the other half is red. greens range from 6.2% USDC to 0.4% BTC, also including ETH, LTC, and USDT. biggest drop was recorded by UNI, which fell 5%, while the lowest was 1.5% by BNB, with DOT, XRP and BNB in ​​the middle. Despite the declines, five coins are currently in the positive zone: BTC, ETH, DOT, UNI, and LTC. While the USDT remains below 5 despite its sents score increasing, other currencies have scores between 5.1 and 5.8.

Bitcoin sent the daily score change in the last month:

png »width =» »class =» content-img »alt =» »/> Source: Omenics

Omenics tracks 35 coins in total. So, looking at the performance of the other 25 over the past seven days, we find that a vast majority are green. To be more precise, the scores for just two coins were down: Composite (COMP) at 20% and REN at 2%. Regarding the increases, the highest belongs to QTUM with 33%, followed by monero (XMR) with 31%, while the lowest is 2.5% seen by Synthetix (SNX) and cosmos (ATOM). Two of these coins are in the positive zone, namely algorithhand (ALGO) and crypto.com coin (CRO), while COMP’s massive drop has pushed it into the negative zone, where it is the only resident. While five coins have scores below 5, the rest are in the 5-5.9 territory.

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* – Methodology:

Omenics measures market sentiment by calculating sentscore, which aggregates sentiment from news, social media, technical analysis, viral trends, and currency fundamentals based on its proprietary algorithms. As its website explains, “ Omenics aggregates fashion news articles and viral social media posts into an all-in-one data platform, where content sentiment can also be analyzed, “and then adds:” Omenics combines the 2 sentiment indicators from news and social networks. with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore reporting an overview of each coin. For now, they are evaluating 35 cryptocurrencies.

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