LIVEDogecoin And Shiba Inu Drop To Neutral
The Fear & Greed Index is a scale that helps to tell how crypto investors are looking at a particular asset at a given time. The higher the scale is, the more investors are willing to invest in the assets. While the reverse is the case when the scale falls.
This scale measures sentiment across five categories, including Extreme Fear, Fear, Neutral, Greed, and Extreme Greed, and these are represented by numbers. 1-25 is Extreme Fear, 26 to 46 is Fear, 47 to 53 is Neutral, 54 to 75 is Greed, and 76-100 is Extreme Greed.
Now, since the crypto market saw a recovery since the start of 2024, coins like Shiba Inu and Dogecoin saw their market sentiment rise into the greed territory, even as high as Extreme Greed. However, now, as prices begin to correct back downward, sentiment has fallen as well, sending them toward the fear territory. Currently, both indexes for Dogecoin and Shiba Inu are sitting in neutral.