Weekly South Korea Crypto Market Outlook : The fifth week of August 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 August 28th to August 30th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 33.0% of respondents (compared to 37.0% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 44.0% (compared to 45.7% last week), while the percentage of respondents anticipating a fall or sharp drop was 23.1% (compared to 17.4% last week).
For Ethereum, it showed a similar trend to Bitcoin. 41.7% of respondents (compared to 43.4% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 38.0% (compared to 40.7% last week), while those anticipating a fall or sharp drop remained at 20.4% (compared to 16.0% last week).
When asked about market sentiment, 27.5%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 43.2%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 29.3%.
In response to questions about coins they recently sold or plan to sell 17.8% of respondents answered Bitcoin, followed by 16.3% for Ethereum.
Additionally, 11.6% mentioned XRP, 6.4% Dogecoin, 3.2% Solana, 2.7% Polygon, 2.4% TRON, 2.0% AhaToken, and 1.5% SUI.
Furthermore, a total of 36.2% provided various other opinions. These included cryptocurrencies such as MiL.k, Shiba Inu, Klaytn, BitTorrent, Ethereum Classic, Metadium, BORA, Paycoin, World coin, and others. 13.2% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 21.2% of respondents answered Bitcoin, followed by 16.2% for Ethereum.
Additionally, 12.2% mentioned XRP, 5.6% Dogecoin, 3.4% Solana , 1.7% Shiba Inu, 1.6% Polygon, 1.5% TRON, and 1.5% SUI.
Furthermore, a total of 36.2% provided various other opinions. These included cryptocurrencies such as AhaToken, BitTorrent, Cardano, Klaytn, Ethereum Classic, CORE, Ondo Finance, PEPE, Paycoin, and others. 12.9% of respondents stated they had no intention to buy.
As a response to a survey asking ‘Pavel Durov, the founder of Telegram, has been arrested by the French authorities. There is also a campaign for his release in the crypto world. What is your opinion on this incident?’, 34.8% answered ‘His arrest is justified.’. Those who answered ‘He should be released.’ were 31.2%. 23.7% of respondents answered ‘I don’t care, as long as it doesn’t affect the crypto market.’. 10.3% of respondents answered ‘This is just timely bad news to cool down the surge in TON.’.
Related links:
Telegram https://t.me/CratosOfficial
Twitter https://twitter.com/cratostoken
Website https://www.cratostoken.com/
CoinMarketCap https://coinmarketcap.com/currencies/cratos/
Cratos Global https://cratosglobal.page.link/medium
