Ethereum’s 147% surge since April has ignited significant retail fear of missing out (FOMO) amid its ongoing market strength. The asset currently trades at $3,740.01, reflecting a 24-hour gain of 2.77% and commanding 11.7% market dominance.
In contrast, Bitcoin and XRP display subdued investor sentiment with notably lower FOMO metrics. Bitcoin registers a FOMO ratio of 1.33, while XRP exhibits “Very Low” FOMO indicators, suggesting both assets may be undervalued and presenting potential strategic buying opportunities.
The broader cryptocurrency market saw total capitalization rise 2.52% to $3.87 trillion. However, trading volume fell 12.99% to $194.52 billion over the same period, signaling potential caution despite overall growth.
Significant altcoin gains were observed, including CATX (up 2,359.85%), COIN (665.35%), and TRUMP (528.79%). These rallies occurred against the backdrop of declining volume, warranting investor vigilance.
Market sentiment remains optimistic with the Crypto Fear & Greed Index holding steady at 64 (‘Greed’), though reduced liquidity introduces elements of uncertainty to current bullish momentum.