Currently, the market is neutral if we talk about the fear and creed index and the number is considered as 58 which is known as neutral. If we talk about the historical values then yesterday was slightly in greed sentiments but last week was neutral again. Even the last month was greedy with the count as 62 and the last week as I mentioned was at 47 which is also considered neutral.
This is a parameter and metric that we can consider to see how the market is going and what the overall sentiments are as of now since it is neutral which means the count of buyers and sellers are almost equal and people are waiting for the right move so that they can act accordingly and I think the reason why it is happening because of the trump coin. It is a meme coin and generally, the value of meme coin is not very high. Still, this time case is different and people who invested in the coined in the early phase are very happy because the price has gone up significantly and that has given a great return on the investment.
I did not invest in the coin and it is because I generally stay away from meme coins because of the risk factor and I'm okay to lose something rather than putting my investment at risk because meme coins are the ones where either we make money or we lose money. Both come at extreme risk or profitability so I just prefer to stay away rather than get involved and this is why I did not invest anything in this coin.
Today is the day when Donald Trump will be taking oath in the US so it is an important day for all the crypto people and the entire community because now we can look up to him and see what is going to happen in the US market. If he does what he promised then surely the price of Bitcoin is going to be even higher and right now it is beyond 108K U.S. dollars which itself is not a lesser amount. I don't know what we can call the situation for the altcoins but for Bitcoin, it is not bad and it is going up which can go even further if things go well as planned after the actions taken by the new president of the United States.
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