Crypto Market Sentiment Drops, EOS Suffers The Most

The entire crypto market sentiment drops for the top 10 coins by market cap dropped by 7.7% from 5.55 to 5.12 according to Omenics, the crypto market sentiment analysis firm as we are reading more in today’s EOS newsletter.

During the past seven days, most of the top crypto assets saw their sentiment crash deeper into the neutral zone as the scores of six out of ten top coins dropped by more than 10% including Bitcoin, Tether, Chainlink, Litecoin and EOS. Despite the recent drop, Bitcoin and Ethereum remained on the verge of the positive zone with 6.1 and 6 scores respectively.

The biggest drop among the top coins was experienced by EOS whose sentiment dropped by 17% and is now getting closer to the negative zone at 4.3. The best performer over the past seven days was bitcoin Cash which increased by 1%. It was the only coin that was in the green sentiment-wise over the past week while its sentiment remained into the neutral zone.
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 The sentiment change among the top 10 coins is 0 to 2.5 very negative, 2 to 3.9 somewhat negative zone, 4 to 5.9 neutral zone, 6 to 7.49 somewhat positive zone, and 7.5 to 10 very positive.

Though BTC and altcoins are trying to recover, the crypto market sentiment drops for the top 10 coins during the past 24 hours which doesn’t show signs of major improvement yet as it remains in line with the cumulative weekly score and sits at 5.14. The BTC, USDT, and LTC scores dropped by more than 8% and XRP is the only crypto asset whose market sentiment seems to be appreciating it which went up 4% today but remained in the neutral zone.

Outside of the top 10 coins, most of the projects were in the red but TRON on the other hand is the only coin apart from Ethereum and Bitcoin that has a positive sentiment score over the past week. Basic Attention Token (BAT) managed to surpass EOS and dropped the sentiment score by more than 18% to 3.6 thus falling into the negative zone where it joined other projects such as Ethereum Classic, Komodo, and TEzos with scores of  3.8, 3.7, and 3.9 respectively.

As in the recent EOS news reported, The biggest EOS block explorer Blocks.io got acquired by the blockchain-based payment platform Metal Pay. Originally launched the simple block explorer for EOS, Bloks.io became a multi-purpose EOSIO platform that supports multiple networks such as Telos, Proton, WAX, and others. According to Metal Pay, Bloks.io had more than 10,000 daily active users at the time of the acquisition.