If investors are exhibiting a lot of greed, it's worth considering whether the market is overextended and due for a correction. A popular way to measure sentiment in the cryptocurrency market is the Bitcoin Fear & Greed Index, which uses factors such as trading volume, price volatility, social sentiment and more to estimate how investors are feeling about the cryptocurrency market. Crypto Fear & Greed and SentimentĬryptocurrency markets are highly speculative, and market movements are often dictated by sentiment instead of fundamental factors. This helps you determine which cryptocurrencies are currently seeing a lot of interest. We also provide a ranking of trending cryptocurrencies, which are coins that are growing in popularity among CoinCodex users. At CoinCodex, we strive to provide information on as many crypto projects as possible, and list new coins every day. New cryptocurrency projects are being launched on a daily basis. Trending Cryptocurrencies and New Crypto Coins When prices are very volatile, there’s more opportunities to turn a profit, which attracts more traders to the market. Often, increasing trading volume is connected to high price volatility. Trading volume is usually expressed in dollar terms, but you might also see volume denoted in BTC or ETH, depending on the context. Trading volume measures the amount of cryptocurrency that was traded during a given period of time, most commonly in 24 hours. The changes in the ratio between the Bitcoin market cap and the market cap of altcoins can provide valuable insights into cryptocurrency market trends. Cryptocurrencies other than Bitcoin are often collectively referred to as alternative cryptocurrencies, or “altcoins”. Bitcoin was the first cryptocurrency ever invented, and remains the largest cryptocurrency in terms of market capitalization to date. Bitcoin Dominanceīitcoin dominance is a measure of how much of the total cryptocurrency market cap is represented by BTC. In addition, fluctuations in the cryptocurrency market cap provide insight into the current cryptocurrency market trend. The total crypto market cap can be used to estimate the relative size of the crypto market compared to other asset classes, such as stocks, real estate and gold. The total cryptocurrency market capitalization is a measure of the market capitalizations of all cryptocurrencies combined. Our crypto market overview section provides a comprehensive overview of the most important data you need to know to evaluate the current state of the cryptocurrency market. The cryptocurrency market can be difficult to navigate for beginners.
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