Cryptocurrency Market: Greed Index Reaches 70
According to data from Alternative, on May 11, the cryptocurrency market's greed and fear index reached 70, defining the market as being in a state of 'greed'.
Index Analysis
The index scale ranges from 0 to 100, determined based on the following factors:
Volatility (25%): Measuring price instability.
Market trading volume (25%): Reflecting the market's activity level.
Social media heat (15%): Analyzing interactions and discussions on social media.
Market research (15%): Predictions and analyses from experts.
Bitcoin's share in the overall market (10%): Measuring Bitcoin's influence.
Google hot keyword analysis (10%): Search trends on Google.
Caution Message
Although this data provides useful market information, it should not be considered investment advice. Caution and further analysis are needed before making financial decisions.
Investment Recommendation
The cryptocurrency market often experiences strong fluctuations, and investment should be based on thorough research and individual risk tolerance.
Source: https://tintucbitcoin.com/chi-so-so-hai-tham-lam-70-thi-truong-dang-tham-lam/
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