As the fear and greed index, which is accepted as a measure of the emotions and thoughts of investors, reached 50 for the first time in months. cryptocurrency market is showing signs of stability and equilibrium.
The index, ranging from 0 to 100, where 0 means extreme fear and 100 means extreme greed, shows that the market is neither too bullish nor too downtrend, but rather in a state of equilibrium.
The fear and greed index is calculated by analyzing various factors such as volatility, market momentum, social media activity, surveys and trends.
According to the index, crypto market behavior is very emotional. People tend to be greedy when the market goes up, resulting in FOMO (Fear of missing out).
Also, according to the same source, people often sell their coins by reacting irrationally when they see red values. The Fear and Greed Index tries to save you from your own emotional overreactions.
A value of 50 on the fear and greed index means that the market is neutral, neither too fearful nor too greedy. It indicates that the market is in a state of equilibrium, with investors not being overly optimistic or pessimistic about the future prospects of the crypto market.
However, the cryptocurrency market is known for its high volatility and unpredictability, so the index can change quickly depending on new events and developments.
According to sources, the highest value in the index was 97 on January 26, 2018, and the lowest value was 3 on March 23, 2020.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!