Cratos X CoinNess Survey : Weekly trends of Korean cryptocurrency investors (Mar. 11, 2024 — Mar. 15, 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 March 11th to March 15th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 61.0% of respondents (compared to 53.3% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 28.2% (compared to 27.4% last week), while the percentage of respondents anticipating a fall or sharp drop was 10.8% (compared to 19.4% last week).
For Ethereum, it showed a similar trend to Bitcoin. 65.2% of respondents (compared to 59.0% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 27.4% (compared to 30.5% last week), while those anticipating a fall or sharp drop remained at 7.4% (compared to 10.5% last week).
When asked about market sentiment, the majority, 55.9%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 31.9%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 12.2%.
In response to questions about coins they recently sold or plan to sell, 20.5% of respondents answered Bitcoin, followed by 19.3% for Ethereum.
Additionally, 12.6% mentioned Ripple, 6.2% Dogecoin, 2.9% Shiba Inu, 1.8% Tron, 1.7% AhaToken, 1.6% Solana, and 1.4% MiL.k.
Furthermore, a total of 32.1% provided various other opinions. These included cryptocurrencies such as Polygon, Ethereum Classic, Cardano, Klaytn, BitTorrent, Metadium, Wemix, World, and The Sandbox and others. 7.3% of respondents stated they had no intention to sell.
In response to questions about coins they recently bought or plan to buy, 21.3% of respondents answered Ethereum, followed by 20.8% for Bitcoin.
Additionally, 12.6% mentioned Ripple, 5.5% Dogecoin, 3.7% Shiba Inu, 2.7% Solana, 1.5% MiL.k, 1.1% Tron, and 1.1% Polygon.
Furthermore, a total of 29.8% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, Klaytn, Cardano, AhaToken, Pepe, Wemix, World, Metadium, Stacks, and others. 5.8% of respondents stated they had no intention to buy.
As a response to a survey asking about prediction for Ethereum (ETH) price in South Korea, the highest number of respondents, 37.5%, answered 5,000$~7,000$. Those who answered 7,000$~9,000$ were 27.8%. 21.9% of respondents answered ‘More than 9,000$’. On the other hand, only 17.1% of respondents answered ‘Less than 5,000$’.
