We are not liable for Greed means more people are buying. been We pull Google Trends data for various Bitcoin related search queries and crunch those numbers, especially the change of search volumes as well as recommended other currently popular searches. Cardano price has edged higher early on Wednesday even as it remains in the bear market. Lets take a look at what some of the most important technical indicators are signaling. It has been trading below this zone for two weeks now. contracts for difference (CFDs) is speculative and carries a high level of risk. 0 - 24: EXTREME FEAR Consult with qualified professionals prior to making actual investments. These numbers are applied specifically to Bitcoin's presence in the market. The Cardano fear and greed index values range from 0% (extreme fear) to 100% (extreme greed). Taxonomy for this product categorization has several Tiers, or depths, from Tier 1 (20 categories9 to Tier 3 (with 1000+ categories). Thus, bad for capitalization. Currently, the RSI value is at 73.65, which indicates that the ADA market is in a overbought position. "Fear and Greed - Crypto" brings you the ability to observe the market sentiment in real time in an easy to use app. The key price level for Cardano are the $0.342026, $0.338371 and $0.331645 support levels and the $0.352407, $0.359134 and $0.362789 resistance levels. On a positive side, this collapse could lead to more regulations in the industry. Here is an Visual Demonstration of How CNN Business Calculates Fear & Greed Index. The dominance of a coin resembles the market cap share of the whole crypto market. Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.Source: CoinMarketCap. 2. Today, this market value has plunged to about $11 billion, meaning that investors have lost over $79 billion. Data compiled by CryptoSlam shows that the total NFT sales in Cardano rose by 1.69% to $231k in the past 24 hours. The market capitalization of Cardano can change significantly in a short period of time. The Fear & Greed Index stood below 10 just seven months ago and hovered in the mid . Extreme fear on the other hand can be observed on crashes but also on news or events with significant Based on our tech sector growth prediction the estimated ADA price would be between $0.838147 and $2.52 meaning the price of Cardano is expected to rise by 613.87% in the best case scenario by 2025. 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. own financial decisions. But GreedAndFearIndex.com displays the Crypto Fear and Greed Index and shows a real-time index for each crypto token or currency, the same way CNN calculates the Fear and Greed Index. 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. To gauge investor sentiment in the stock market, CNNMoney created a fear and greed index. Outdoor Sofas,Outdoor Beds {SELL} The market is just entering/reviving from its bad time. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. If you do not have knowledge on the subject, do not use the platform as your own diligence, and in this case we recommend that you request help from a specialized and qualified person, with extensive experience in crypto markets. According to DeFi Llama, it has a total value locked (TVL) of $70 million. limit, [int]: Limit the number of returned results. When trading in stocks your capital is at risk. ADA pulled back to $0.3245, which was about 25% below the highest level this month. Because the price of coins is often intertwined with activity on social media. This may not be great for frequent traders, but the Cryptocurrency Greed And Fear Index is best for long-term investors to buy dips. date_format, [string]: Choose to either receive the date part formatted for the United States (MM/DD/YYYY), for China and Korea (YYYY/MM/DD) or for the rest of the world (DD/MM/YYYY). Disclaimer: This is not investment advice. For short term: This is the data analysis for 1h periods. For as long as fear is the key emotion driving the crypto market, the altcoin will likely remain below the psychologically crucial level of $1.5000. Chart below shows search trends for phrase "Cardano" over the last 5 years, together with the price of the cryptocurrency. Historically, times of fear have been good opportunities to buy and times of greed have been good opportunities to sell. Cardano pricehas edged higher early on Wednesday even as it remains in the bear market. As the name suggests, a moving average provides the average closing price for ADA over a selected time frame, which is divided into a number of periods of the same length. iPhone. The most recent Death Cross in the Bitcoin market happened 408 days ago, on Dec 06, 2021. For short long-term: This is the data analysis for 1h periods. Hedera Hashgraph Surges 50% in January, Continues Bullish Trend, Bitcoin Cash Price Up Ahead of May Hard Fork, Fetch.ai Crypto Price is in an Unstoppable Bull Run: Heres Why, OKB Price Slowly Approaches its ATH as it Outperforms Peers, Polkadot Price Comprehensive Prediction for 2023, 2025, 2030. ADA performed poorly against BTC today and recorded a -1.91% loss against the worlds largest cryptocurrency. To get a better idea of what could happen to the Cardano price in the future, its helpful to also explore Cardanos price history. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Trading cryptocurrencies is not supervised by any EU regulatory framework. 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. This is a plot of the Fear & Greed Index over time, where a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed". The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. See below for further information on our data sources. This made it the fourth biggest platform after Ethereum, Solana, and Polygon. The Fear & Greed Index is a widely used tool for measuring investor sentiment in the cryptocurrency market. {STRONG BUY} says the Market is Experiencing its Golden Time. They are market momentum, stock price strength, stock price breadth, put . See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise: ["MATIC","LTC","MANA","CHZ","NEAR","CAKE","NEO","THETA","SCRT","STEEM","ONE","INJ","YFI","STMX","RSR"]. Cardano, which is ranked 3 rd according to CoinMarketCap, has had its trading volume drop by 25.53% to $5.81 billion over the past 24 hours. It is an informative tool that in no case recommends the purchase, sale or hold any cryptocurrency beyond your own decision and risk. In the previous session, it was at 45 after shifting from last week's greed level of 74. CoinCodex is a cryptocurrency data website that tracks 22370 cryptocurrencies trading on 414 exchanges and provides live crypto prices. 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. scale He covers cryptocurrencies, forex, equities, and commodities for some of the leading brands. Check out today's Cardano price prediction to learn why. After considering the above factors, we can conclude that the current forecast for Cardano price prediction is Neutral. If you want charts like above, click here and check out our plans, Support / Resistance Levels Index values below 25 and those above 75 fall into the "extreme" category, signifying extreme fear and extreme greed, respectively. The Fear & Greed On February 26, 2020, the "fear" reading was replaced by "extreme fear."Development of the Fear & Greed Index over timeOn September 17, 2008 - the height of the financial crisis - the S&P 500 Index fell to a three-year low and the Fear & Greed Index followed suit, plummeting to 12. This makes it easy to create widgets for any topic or content. YouTube, Copyright document.write( new Date().getFullYear() ); BloxBull. Cardano is most negatively correlated with Frax (FRAX), UNUS SED LEO (LEO), Zcash (ZEC), Nexo (NEXO) and Dash (DASH), which means that the Cardano price typically moves in the opposite direction compared to these coins. Cardano Price Prediction ADA Price Estimated to Drop to $0.294740 By Jan 19, 2023. Notably, it has been on this end of the spectrum since last week. To measure it, we use values between 0 and 1 that determine the degree of current Cardano price fluctuation for the desired time frame. The index creates a single number between 1 to 100, with 1 suggesting that the cryptocurrency market is in a condition of extreme fear ( that traders are selling), and 100 showing that the market is experiencing an excessive amount of greed (meaning that traders are buying) A basic principle is that when the value of the index is one, it . The range of the index is from 0% to 100%, where the possible classes for that range are Extreme Greed, Greed . Users of our Service are required to conduct their own analysis, draw their own conclusions, and make their Feel free to share or embed our Bitcoin Fear & Greed Index image widget. extreme greed, greed, neutral, fear and extreme fear. This uses 5-6 indicators to influence . . The Fear & Greed Index is a compilation of seven different indicators that measure some aspect of stock market behavior. 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