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After plunging to dramatic lows and indicating "extreme fear" in market at the end of May and throughout most of June, the CFGI rating is still in the "fear" zone today, although it has improved.
On June 19, the CFGI rating was at a low of 6, which signifies "extreme fear," and now, 61 days or two months later, the CFGI rating is at 33, which means "fear."
While the crypto economy has climbed back beyond the $1 trillion mark, prices have begun to fall again after the previous spike. Following the Terra blockchain meltdown, the crypto economy lost enormous value, and the community was rocked far into June. The (CFGI) posted on ‘alternative.me’ plummeted during the time, and at that time CoinGabbar reported the CFGI ranking score was 16 out of 100, or "extreme fear," on May 31, 2022.
After plunging to dramatic lows and indicating "extreme fear" in market at the end of May and throughout most of June, the CFGI rating is still in the "fear" zone today, although it has improved.
On June 19, the CFGI rating was at a low of 6, which signifies "extreme fear," and now, 61 days or two months later, the CFGI rating is at 33, which means "fear."
While the crypto economy has climbed back beyond the $1 trillion mark, prices have begun to fall again after the previous spike. Following the Terra blockchain meltdown, the crypto economy lost enormous value, and the community was rocked far into June. The (CFGI) posted on ‘alternative.me’ plummeted during the time, and at that time CoinGabbar reported the CFGI ranking score was 16 out of 100, or "extreme fear," on May 31, 2022.
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