The index, which tracks the overall market sentiment, ranges from 1-100, where 1 represents extreme fear and 100 represents extreme greed
As we approach the cusp of 2022, there is no denying that if there is something that aptly Aplikasi Crypto Terbaik Termudah di Indonesia captured the zeitgeist and imagination of the financial world this year, it is cryptocurrency.
The popularity of digital currencies has exponentially surged this year, to the extent that the word ‘crypto’ was used on Reddit almost 6.6 million times across the site during 2021, along with being the most viewed topic of the year.
But intrinsic to the world of cryptocurrencies, along with this popularity, is also the high volatility and uncertainties of these digital currencies. Driven majorly by investor sentiments, which in turn are propelled by often short-lived market trends and popular opinions, crypto-related decisions turn out to be a function of impulse, greed or fear rather than an objective assessment of the currency’s fundamentals.
This is where the Crypto Fear and Greed Index comes in handy. Presently, the index stands at 28, which represents fear in the market. This can also help you gauge a good time for investing or divesting in the cryptocurrency space, by combining the prices of different cryptocurrencies, as well as their volumes and volatility.
The index, which tracks the overall market sentiment, ranges from 1-100, where 1 represents extreme fear and 100 represents extreme greed. In other words, 1 represents panic, pessimism and fearfulness of the investors i.e. bearish attitude about the future prospects of cryptocurrencies, which could translate into a good buying opportunity.