Similarly the Crypto Fear and Greed Index was developed to "analyze emotions and sentiments from different sources and crunch them into one simple number: The Fear & Greed Index for Bitcoin and other large cryptocurrencies". At this time the platform only offers the index for Bitcoin, which is a good representation of the overall crypto market emotional state.
The data is gathered from different sources to include the following factors: 25% Volatility, 25% Market Momentum/Volume, 15% Social Media, 15% Surveys, 10% Dominance and 10% Google Trends.
Source:https://money.cnn.com/investing/about-fear-greed-tool/index.html
Source:https://alternative.me/crypto/fear-and-greed-index/
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