To get a superior comprehension of individuals’ opinions and sentiments, analysts have made a tool or a record that is called Crypto Greed and Fear Index. The primary reason for this list is to quantize the feelings taken from Social Media, momentum, volume, and other various factors and rank it out of 100.
The index ranks based on both extremes. 1 means that there is extreme fear in the market and the people are reluctant to take positions in the market. 100 on the other hand means that the people are very greedy right now.
Today the index stands at 11. Historically, it is one of the lowest index values in the past few months. Last week, the index stood at 7 which was even lower than the value that we currently have.