Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Dogecoin And Shiba Inu Fear & Greed Index Drops To Neutral, Time To Buy?

Share This Post

Shiba Inu and Dogecoin continue to remain top choices for investors leading into the bull market. But the crashes from recent weeks have rocked not just their prices, but the market sentiment among them. As the sentiment for both of these meme coins fall, it could mean that it is time to get back into them.

Dogecoin 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.

Data from the CFGI website puts the Shiba Inu sentiment at a value of 51, which is neutral. At the same time, Dogecoin sits at a score of 52, which is neutral as well. At this time, this means that investors are not making any moves and are instead waiting to see where the prices go before throwing their hats in the ring.

Is It Time To Buy?

Historically, the best time to buy is when investors are wary of the market. This often means that prices are hitting their bottom, making them the ideal entry point. However, this has usually been in times of extreme fear and not neutral sentiment.

For example, both Dogecoin and Shiba Inu are still seeing some bullish metrics. One of these is the daily trading volume of these assets. Dogecoin’s trading volume is up 15.51% in the last day to $845.7 million. While the Shiba Inu trading volume is up 22.86% in the same time period to reach $389 million.

This suggests that despite sentiment rolling toward neutral, there is still a lot of interest in both of these meme coins. Therefore, it is not the ideal time to go all in. But rather, smaller positions and dollar cost averaging (DCA) are a better route.

However, with the bull market expected to continue and outpace the previous bull markets, it is expected that current prices will seem like a bargain once the cryptocurrency market does begin to move.

Dogecoin price chart from Tradingview.com (Shiba Inu)

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Chainlink Launches Rewards Program to Incentivize Community Participation and Token Claims

Chainlink has announced the launch of Chainlink Rewards, a new community engagement program aimed at incentivizing participation In collaboration with Space and Time, a member of the Chainlink Build

Ethereum Spot Volume Declines While Long-Term Holders Continue Accumulating

Ethereum (ETH) seems to have extended its period of price stagnation, trading at $1,770 at the time of writing The asset has dropped by 3% over the past week and 16% in the past 24 hours, continuing

Arizona’s Bitcoin Reserve Bill Moves Forward

The post Arizona’s Bitcoin Reserve Bill Moves Forward appeared first on Coinpedia Fintech News Arizona’s second Bitcoin reserve bill, SB 1373, has cleared its final reading with Senate

Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon

Cardano price started a recovery wave from the $06420 zone ADA is now facing resistance near $06850 and might decline again ADA price started a recovery wave from the $06420 zone The price is trading

Why Is Crypto Up Today? Bitcoin Breaks $97K Amid U.S. Tariff Shift

The post Why Is Crypto Up Today Bitcoin Breaks $97K Amid US Tariff Shift appeared first on Coinpedia Fintech News The crypto market is witnessing a powerful breakout as Bitcoin crosses the $97,000

Metaplanet Increases Bitcoin Holdings with $53M Purchase

The post Metaplanet Increases Bitcoin Holdings with $53M Purchase appeared first on Coinpedia Fintech News On May 7, 2025, Metaplanet Inc acquired an additional 555 Bitcoins, utilizing $25 million