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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. Here is an Visual Demonstration of How CNN Business Calculates Fear & Greed Index. At the time, ADA had a total market cap of over $90 billion. But there is also a correlation between the dominance of Cardano and the dominance of the main altcoins, so the indicator calculates different values for each cryptocurrency. Under "Script" select the one you created above (. See below for further information on our data sources. Stock . You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. Pulse Oximeters,Medical Equipment Fear means fewer people purchasing Bitcoin. Copyright 2022CFGI.io, All rights Reserved [emailprotected], 18.5% - very high sell interest in search engines, 96.5% - very high whale movements for buying. https://api.alternative.me/fng/?limit=10&format=csv, https://api.alternative.me/fng/?limit=10&format=csv&date_format=us. posts about Cardano. On those days, the Fear & Greed Index fell to 14 and 10, indicating "Extreme Fear.". The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Faith Maina is a financial analyst and economist. This website uses cookies to ensure you get the best experience on our website. Cardano price continued falling as the crypto fear and greed index declined to the extreme fear level of 23. On this day last year, ADA was trading at $1.27. Disclaimer: This is not investment advice.