Crypto Market Sentiment Moves Up; BTC on Top, ATOM Sees Biggest Improvement

The only other coin that saw stronger sentiment over the past day compared to its weekly average was CRO, which rose to a 24-hour score of 4.9 from a 7-day score of 4.5. All other coins saw worse sentiment.

$XRP and cardano (ADA) were the only two coins with 24-hour sentscores in the negative zone, with scores of 3.9 and 3.8, respectively.

No coins had a sentscore in the positive zone over the past 24 hours.

Daily Bitcoin sentscore change in the past month:

Source: Omenics

Zooming out to look at all 35 coins tracked by Omenics on a 7-day basis, it seems that the market favors large-capitalization cryptoassets at the moment, with no signs of an ‘altseason’ in sight.

The strongest sentiment is still seen on $BTC, followed by $USDC and ETH. From outside the top 10, REN came in with the fifth best sentiment with a score of 5.5, while zcash (ZEC) and uniswap (UNI) had scores of 5.3 and 5.2, respectively.

On the negative side, tezos (XTZ), nem (XEM) and ontology (ONT) all came in with 7-day sentsocores of 4. The three altcoins were followed by $XRP, chainlink (LINK) and EOS, with scores of 4.2, 4,2, and 4.3, respectively.

Notably, all coins tracked by Omenics had 7-day sentscores in the zone defined as neutral.

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* - Methodology:

Omenics measures the market sentiment by calculating the sentscore, which aggregates the sentiment from news, social media, technical analysis, viral trends, and coin fundamentals-based upon their proprietary algorithms.
As their website explains, "Omenics aggregates trending news articles and viral social media posts into an all-in-one data platform, where you can also analyze content sentiment," later adding, "Omenics combines the 2 sentiment indicators from news and social media with 3 additional verticals for technical analysis, coin fundamentals, and buzz, resulting in the sentscore which reports a general outlook for each coin." For now, they are rating 35 cryptoassets.
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