이 기사 공유하기
South Korea's Dunamu Launches Bitcoin 'Fear and Greed' Index to Guide Traders
The tool is aimed at helping traders make better decisions based on market sentiment.
작성자 Tanzeel Akhtar
Make us preferred on Google
South Korean fintech firm Dunamu, operator of cryptocurrency exchange Upbit, has developed a digital assets "fear and greed" index aimed to help investors and traders make better decisions.
STORY CONTINUES BELOW
- Dunamu’s new tool will reflect five different levels of sentiment, from ”extreme fear“ to ”extreme greed,” according to The Korea Herald's report Tuesday.
- Updated every five minutes, the index uses data on market volatility along with the trading price and transaction volume.
- “As many domestic digital asset investors use global indexes, we decided to introduce one that can help domestic investors,” a Dunamu representative told The Korea Herald.
- Fear-and-greed indices are said to be able to help traders better decide when the market is acting emotionally one way or the other. For example, extreme greed indicates that the market is over-optimistic, while extreme fear means it is over-cautious.
- Dunamu also developed a real-time index of all the digital assets listed on its cryptocurrency exchange, called the the Upbit Market Index.
Read more: Upbit Operator Dunamu Invested $46 Million in Blockchain Startups in Last Year
Di più per voi
DeFi protocol ZeroLend shuts down after three years, citing inactive chains and hacks
The protocol is shutting down after three years, citing unsustainable economics, thin margins and rising security threats.
Cosa sapere:
- ZeroLend, a decentralized lending protocol operating across multiple blockchains, is shutting down after three years, citing unsustainable economics, thin margins and rising security threats.
- The team says its priority is allowing users to safely withdraw assets, especially on low-liquidity chains like Manta, Zircuit and XLAYER.
- Users affected by last year's LBTC exploit on Base will receive partial refunds funded by ZeroLend's LINEA token allocation.
Top Stories
