The Crypto Greed Index measures the market mood for crypto assets. The index uses a variety of metrics, including volume and momentum, to determine the mood of the crypto market. High volume and momentum indicate a negative mood. Volume and momentum account for about 25% of the index value. Market mood is also determined by Google trends, which show the amount of interest in a specific crypto. If search interest is high, the index indicates a bullish market mood.
The index is based on the 30-day and ninety-day averages of cryptocurrency prices. A higher ratio indicates a more fearful market, while a lower ratio indicates more greedy conditions. This index is useful in determining whether crypto markets are a good choice for investors.
