The cryptocurrency market sentiment has bounced back somewhat over the course of the last week, though still not reaching the score it got two weeks ago. The combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins is 5.71 today, compared to 5.54 a week ago and 5.83/10 two weeks ago, according to , a cryptocurrency market sentiment analysis service.
Fewer coins have seen their scores rise last week. Compared to only last Monday, which was also the losing coin at the time, now we see , , and in red, the last of which is in the positive zone nonetheless. Besides ADA's sentscore of 6, only and are in the positive zone this time around, with ETH's sentscore going up from 6.1 to 6.5, and BTC's from 6.6 to 7.
Since we mentioned Stellar, it wasn't only pushed out of the top 10 list in a week, but it dropped from the 9th to the 14th spot. Though overthrown by ETC last Monday, Cardano surpassed ETC, now occupying the vacated 9th spot.
Sentiment change among the top 10 coins*:
Interpreting the sentscore’s 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
We have three winners this week: the three coins whose scores have risen the most. These are ETH with a rise of 6.6%, as well as BTC and with a rise of 5.7% each. Most of ETH's aspects are strong: news with a score of 7.5, technicals 7.3, and fundamentals 6. Its social is somewhat lower at 5.3, while its buzz got only 3.4/10. Similarly, BTC has a high score of 9.1 in fundamentals, followed by 7.2 in technicals, and 6.9 in news, while its social has 5.1 and buzz 3.8/10. Tether is particularly interesting as, even though still scored the lowest, it had often been in the bottom these past few weeks, and even last week, it was the only coin with a score below 5, finally reaching 5 in the last seven days. Its highest score is in news (7.8), while its buzz and social are lower (5 each), and technicals and fundamentals the lowest (3.8 and 3.5, respectively).
The three coins in red are automatically losing coins for this week. ETC with a drop in score of 7.8% is at the top of this list. While it got 7.6 in technicals and 6.6 in news, the rest of its scores are rather low (3.4 in social, and 2.9 in fundamentals and buzz each). Next up is BNB with a drop of 5.4%, scoring 6.8 in technicals and 6.7 in news, as well as 4.7 in social, 3.6 in buzz, and only 2.7 in fundamentals. And finally, though it could be considered a winner, given that it made its way back to the top 10 list and also boasts a positive score, ADA still dropped 0.9%. It has high scores of 7.7 and 7.4 in news and technicals, as well as neutral 5.5 in social and 4.9 in buzz, while its fundamentals got a negative score of 3.6.
Shifting our attention from the 7-day to 1-day scores now, we find BTC's sentscore at 7.1 (compared to the weekly 7), but with a change of -3%. ETH is also up by 0.1 to 6.6, while Cardano remains unchanged. Besides these three, three more are in the positive zone in the last 24 hours (, , and ), but five coins in total register a drop in their scores nonetheless.
Now going back to the 7-day average scores and looking at the coins besides the top 10, we see and Tezos in the positive zone, each with a score of 6. We see fewer coins with the score over 5, and after having no coins below 4 for two weeks, is back in the negative zone.
