Crypto Sentiment Indexes at Odds: FGI Reads 73, CFGI Reports 55
Two popular sentiment indexes, CoinMarketCap's Fear and Greed Index (FGI) and CryptoGuru's Fear and Greed Index (CFGI), have presented conflicting views on the current state of the crypto market. As of September 25, FGI reads 73, firmly in the 'Greed' band, while CFGI reports a neutral reading of 55.
The discrepancy stems from differences in methodology. The widely cited model used by CoinMarketCap weights volatility and market momentum at 25% each, with dominance and Google Trends at 10% each. In contrast, other trackers use entirely different indicator sets, which can result in vastly different readings.
Despite the difference in numbers, both indexes agree that the crypto market is experiencing a period of greed, albeit to varying degrees. FGI's reading of 73 indicates extreme greed, while CFGI's neutral reading suggests a more balanced market.
The crypto market around it supports a greedy interpretation, with XRP and Solana gaining significant value over the past week. However, what is absent is the extreme-greed signature, which has historically accompanied market tops.