Weekly South Korea Crypto Market Outlook : The fifth week of January 2025
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 January 27th to January 31st.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 42.7% of respondents (compared to 47.7% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 40.3% (compared to 34.0% last week), while the percentage of respondents anticipating a fall or sharp drop was 17.1% (compared to 18.4% last week).
For Ethereum, it showed a similar trend to Bitcoin. 41.2% of respondents (compared to 57.5% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 38.7% (compared to 31.3% last week), while those anticipating a fall or sharp drop remained at 20.2% (compared to 11.3% 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 18.2% of respondents answered Ethereum, followed by 17.4% for Bitcoin.
Additionally, 12.9% mentioned XRP, 6.1% Dogecoin, 4.1% Solana, 1.8% TRON, 1.7% AhaToken, 1.5% MiL.k, and 0.9% Polygon.
Furthermore, a total of 35.4% provided various other opinions. These included cryptocurrencies such as CORE, Shiba Inu, Observer, BitTorrent, Cardano, Metadium, World, Ethereum Classic, The Sandbox, and others. 12.4% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 20.4% of respondents answered Bitcoin, followed by 17.2% for Ethereum.
Additionally, 14.7% mentioned XRP, 5.4% Dogecoin, 3.2% Solana , 1.5% MiL.k, 1.4% Shiba Inu, 1.3% Polygon, and 0.9% Polygon.
Furthermore, a total of 35.4% provided various other opinions. These included cryptocurrencies such as TRON, Official Trump, Ethereum Classic, AhaToken, Cardano, Babydoge, PEPE, World, Sui, and others. 13.1% of respondents stated they had no intention to buy.
As a response to a survey asking ‘If U.S. exchanges, led by Coinbase, delist Tether due to regulation, how would it impact the market?’, 41.6% answered ‘A major bearish event causing a sharp market decline’. Those who answered ‘Minimal impact as alternatives like USDC exist’ were 45.2%. 13.3% of respondents answered ‘Not sure’.
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
