40 - 59: NEUTRAL A key growth engine for Cardano is NFTs. Disclaimer: This is not investment advice. The Fear & Greed Index stood below 10 just seven months ago and hovered in the mid . No JavaScript, no bullshit. {NORMAL} The market no longer has any Buy/Sell Pressure and acting Neutral. Copyright 2022 cryptofgi.com, All rights Reserved. In fact, it was that high when Bitcoin (BTC) was over $69,000 and . Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Especially for Bitcoin, we think that a rise in Bitcoin dominance is caused by a fear of (and thus a reduction of) too speculative alt-coin investments, since Bitcoin is becoming more and more the safe haven of crypto. Consult with qualified professionals prior to making actual investments. The Fear & Greed Index for bitcoin (BTC) has sunk to its lowest level since the March 2020 crash. Just drop us a mail at, Beside this index we run here a website with valuable content about. Cryptocurrency in 2021, Top Based on our tech sector growth prediction the estimated ADA price would be between $1.072912 and $5.58 meaning the price of Cardano is expected to rise by 1,483.57% in the best case scenario by 2026. Is Basic Attention Token a good investment? Your capital is at risk. Based on data from January 18, 2023 at 15:03, the general Cardano price prediction sentiment is neutral, with 17 technical analysis indicators signaling bullish signals, and 16 signaling bearish signals. Another great predictor of sentiment through a quantitative source is order books. For currencies that are negatively correlated with Cardano, a move in one direction for Cardano would translate into a move in the opposite direction for the negatively correlated coin. 5 Best The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. format, [string]: Choose to either receive the data part formatted as regular JSON or formatted as CSV for easy pasting in spreadsheets, use either 'json' or 'csv' respectively. CoinCodex is a cryptocurrency data website that tracks 22370 cryptocurrencies trading on 414 exchanges and provides live crypto prices. Since the Cardano market is relatively small compared to traditional markets, whales can single-handedly have a big influence on Cardanos price movements. Her specialities are currencies, crypto, commodities, and equities. On the other hand, when it is strong red (extreme fear), the market is too pessimistic and the asset is oversold, which may be a good time to buy Cardano. Do you want to be in touch with every change in the index? A rising Cardano 200-day SMA indicates a positive long-term trend. Thus, bad for capitalization. Is Paxos Standard Token a good investment? The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity. You may also consider GreedandFearIndex.com Indexes similar to CNN Fear and Greed Index Crypto. So, what next for ETH prices? $$. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. Based on our tech sector growth prediction the estimated ADA price would be between $1.373435 and $12.39 meaning the price of Cardano is expected to rise by 3,412.83% in the best case scenario by 2027. Based on our Cardano forecast, it's now a good time to buy Cardano. The "crypto fear and greed index," published by Alternative.me, fell to 23 on Wednesday from a high of 75 last week, indicating a substantial fall to "Extreme Fear" from "Extreme Greed." Subsequently, each one of them is averaged and assigned a certain weight based on the popularity of each one. See below for further information on our data sources. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. {STRONG SELL} says the Market is experiencing Brutal conditions. But lets list all the different factors were including in the current index: Were measuring the current volatility and max. When it gets greedy, altcoin investments greatly increase and the total market capitalization increases, which also decreases Cardano's dominance. He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. The theory is based on the idea that excessive fear tends to lower stock prices while excessive greed tends to have the opposite effect. It has been trading below this zone for two weeks now. A Fear reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. The Impulse indicator measures the current Cardano price strength compared to previous values to determine in a range from -1 to 1 how it is affecting the Cardano market sentiment. Chart below shows search trends for phrase "Cardano" over the last 5 years, together with the price of the cryptocurrency. The main reason for this fear is contagion in the crypto industry after the collapse of FTX. Cardano recorded 18 green days in the last 30 days. Furthermore, the app stores historical data so you can "go back in time" and check the value of the index in the past for up to 1 year. ADA has been displaying low volatility recently the 1-month volatility of the coin is at 9.73. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Cardano. Based on our technical indicators, Cardano's 200-day SMA will drop in the next month and will hit $0.389067 by Feb 17, 2023. Zoom out by clicking on Home button on toolbar (on the right). Aquarium Stands,Fish Supplies The Cardano price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. The RSI is used to gauge momentum in the market. Cardano Fear and Greed Index: $0.351: 0.1-158.8-102.7: 12302.9: DOGE: Dogecoin Fear and Greed Index: $0.0841-1.8-59.2: 17.7: 11570.4: MATIC . Cryptocurrency in 2021, Thermo Fisher Scientific Sentiment Indicator, United Parcel Service Sentiment Indicator, Philip Morris International Sentiment Indicator, Charles Schwaboration Sentiment Indicator, International Business Machines Sentiment Indicator, Advanced Micro Devices Sentiment Indicator, Automatic Data Processing Sentiment Indicator, Mondelez International Sentiment Indicator. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. The Index eventually bottomed out at 8 on March . With that in mind, this article will explain everything you need to know about the Bitcoin Fear and Greed Index including how it measures fear and greed, who . Cardanos 200-day is currently $0.401083. The chart is divided into candles that give us information about Cardanos price action in 1-hour chunks. Cardanos 14-day RSI is at 73.65, indicating that ADA is currently undervalued. According to our Cardano price prediction, ADA is expected to reach a price of $0.294740 by Jan 19, 2023. A strong volume determines a strong level of greed in Cardano bull markets, but also a strong level of panic in bear markets. They are market momentum, stock price strength, stock price breadth, put . The Crypto Fear and Greed Index uses a 0 to 100 scale: 0 means the market is most fearful. Most commonly, the RSI is used on a 14-day time frame. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. It has jumped by more than 47% from the lowest point in December. Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube. The Fear & Greed Index has been developed to indicate overall crypto market sentiment based on volume (30%), social media (20%), Google Trends (20%), volatility (15%) and dominance (15%). The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Cardano over the last 50 days. There are two simple assumptions: Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to 100. In the same way, when the trend is negative, a greater feeling of fear is generated, regardless of other factors. A greedy sentiment, a score above 50, would mean that the market is overvalued and might swing down soon. A Greed reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. Fear means fewer people purchasing Bitcoin. Trading cryptocurrencies is not supervised by any EU regulatory framework. drawdowns of bitcoin and compare it with the corresponding average values of the last 30 days and 90 days. Bitcoin's fear and greed index is at the edge of "greed" and "extreme greed." It is unclear where the cryptocurrency will head next. The technical analysis indicator analyzes for Cardano the 26 most popular stock market indicators and subdivides them into 2 main categories that differentiate them in their type of trend indicator or oscillator. A strong bullish impulse in a market implies a greater feeling of greed, in the same way that a strong bearish impulse generates a greater feeling of fear or panic. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. Cardano price is positively correlated with the top 10 coins by marketcap with a value of 0.921, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.870. . i.e. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchanges products or services. Start typing to see results or hit ESC to close, Dogecoin: The Cryptocurrency to Watch in Q1 2023. Greed means more people are buying. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Under "Script" select the one you created above (. It is just a general foresight of people's . 100 means the market is the most greedy. Over 100 smart contracts were deployed in the following 24 hours after the launch. Select the first widget size (small) and press "Add Widget" at the bottom. For short term: This is the data analysis for 1h periods. Like volatility, it is also calculated with a range between 0 and 1. Problems with the fear and greed API? {SELL} The market is just entering/reviving from its bad time. The index's status is an improvement on last month, when the index indicated a fear state. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell. Later, The Cryptocurrency Market evolved to a new high Interest and there was a need to Consider Crypto Fear and Greed Index too. The daily analysis is made for long term strategies: The values of the indicator are: Historically, times of fear have been good opportunities to buy . . In fact, the way it works is not dissimilar to that of Bitcoin. Each day, we analyze emotions and sentiments from different sources and crunch them into one simple number: The Fear & Greed Index for Bitcoin and other large cryptocurrencies. Use 'us', 'cn', 'kr' or 'world' respectively. In the previous session, it was at 45 after shifting from last week's greed level of 74. , but also a strong level of panic in bear markets weeks now making actual.... 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