Dunamu, a South Korean blockchain and fintech company, said Tuesday that it has developed an indicator that measures volatility of digital asset market to help investors make decisions.
The digital asset fear-and-greed index reflects market sentiment in five different levels, from ”extreme fear“ to ”extreme greed.” The index gauges market volatility with trading price and transaction volume every five minutes.
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Digital asset fear-and-greed index reflects (Dunamu) |
“As many domestic digital asset investors use global indexes, we decided to introduce one that can help domestic investors,” an official at Dunamu said.
Market volatility indexes such as S&P VIX, V-KOSPI200, and CNNMoney’s Fear and Greed Index are used to gauge market sentiment in stock markets.
Dunamu which operates digital currency exchange Upbit, developed the Upbit Market Index, a real-time flow of all digital assets listed on the exchange.
By Park Ga-young (
gypark@heraldcorp.com)
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