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Fear and Greed Index
The index of fear and greed has not changed. Extreme fear reigns in the market, and most likely, a movement to the levels signaling horror awaits us ahead. The current movement of BTC is completely within the framework of the “Head and Shoulders” formation, which unequivocally hints at the imminent drawing of the second “shoulder” and, as a result, a new dump. This scenario is also supported by low buying activity, reduced volatility and the absence of new local highs. The first cryptocurrency simply does not have the strength that is needed to break the current trend.
If you are still waiting for the ATH update from BTC, don’t be fooled. The first cryptocurrency has already won back within the framework of the current round and you should not expect the impossible from it. After all, there is no such thing as endless growth. This phenomenon is as indisputable as the fact that the day is always replaced by night, so that later, it will be replaced by a new day.
Denying crypto-winter is pointless. Ultimately, we have already lost about $26,000 from the peak value of the largest digital asset, which is more than a 35% drop in price. And this is far from the end.
TOP 10 altcoins
Top alternative cryptocurrencies behave indefinitely. While some are in the loss zone and continue to fall, others are making attempts to grow. Especially, among the latter, Terra (LUNA) stands out.
FTX Token (FTT)
The FTX Token (FTT) becomes the daily gainer with a yield of 7%.
Pocket Network (POKT)
The loser of the day with a loss of 6.7% is Pocket Network (POKT).
#Altcoins #FTX #Token #FTT #Pocket #Network #POKT