Cratos X CoinNess Survey : Weekly trends of Korean cryptocurrency investors (Feb. 27, 2024 — Feb. 29, 2024)

Cratos and CoinNess conduct regular weekly surveys.

Regular surveys are conducted every week within the Cratos app, and the number of survey participants is 2,000.

This particular survey was conducted from February 27th to February 29th.

According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 58.7% of respondents (compared to 52.3% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 20.5% (compared to 32.2% last week), while the percentage of respondents anticipating a fall or sharp drop was 20.8% (compared to 15.5% last week).

For Ethereum, it showed a similar trend to Bitcoin. 62.1% of respondents (compared to 55.9% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 27.4% (compared to 33.4% last week), while those anticipating a fall or sharp drop remained at 10.7% (same as last week).

When asked about market sentiment, the majority, 49.1%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 35.4%.

In response to questions about coins they recently sold or plan to sell, 21.6% of respondents answered Bitcoin, followed by 18.1% for Ethereum. Additionally, 10.0% mentioned Ripple, 4.8% Dogecoin, 3.8% Worldcoin, 2.4% Cardano, 1.8% Ethereum Classic, 1.7% Solana, and 1.3% Tron. Furthermore, a total of 34.5% provided various other opinions. These included cryptocurrencies such as Sei, Stacks, Sia, Arbitrum, MiL.K, Sui, Aha Token, Mina, and Lisk. 6.9% of respondents stated they had no intention to sell.

In response to questions about coins they recently bought or plan to buy, 22.0% of respondents answered Bitcoin, followed by 16.9% for Ethereum. Additionally, 11.3% mentioned Ripple, 6.7% Dogecoin, 2.1% Worldcoin, 1.8% Pepe, 1.8% Ethereum Classic, 1.7% Shiba Inu, and 1.4% Bitcoin Cash. Furthermore, a total of 34.3% provided various other opinions. These included cryptocurrencies such as Polygon, Solana, Bitcoin SV, MiL.K, Klaytn, Chiliz, Cardano, Stacks, Metadium, and others. 13.4% of respondents stated they had no intention to buy.

Regarding the timing of the much-awaited altcoin market bull run season, the highest number of respondents, 40.6%, answered the third quarter of 2024. Those forecasting the second quarter were 31.7%, while those indicating the fourth quarter accounted for 21.1%. On the other hand, only 6.6% of investors found it difficult to anticipate an altcoin market uptrend season within the year, instead pointing to next year.