Weekly South Korea Crypto Market Outlook : The fifth week of May 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 May 28th to May 31st.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 43.4% of respondents (compared to 57.0% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 40.7% (compared to 31.0% last week), while the percentage of respondents anticipating a fall or sharp drop was 15.9% (compared to 12.0% last week).
For Ethereum, it showed a similar trend to Bitcoin. 49.7% of respondents (compared to 61.8% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 38.7% (compared to 28.3% last week), while those anticipating a fall or sharp drop remained at 11.7% (compared to 10.0% last week).
When asked about market sentiment, 37.8%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 47.8%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 14.5%.
In response to questions about coins they recently sold or plan to sell 18.4% of respondents answered Ethereum, followed by 17.8% for Bitcoin.
Additionally, 11.4% mentioned XRP, 6.1% Dogecoin, 2.8% Solana, 1.7% Shiba Inu, 1.7% TRON, 1.5% MiL.k, and 1.5% Polygon.
Furthermore, a total of 37.1% provided various other opinions. These included cryptocurrencies such as AhaToken, Ethereum Classic, Mileverse, PEPE, Metadium, Worldcoin, Cardano, Klaytn, BitTorrent, and others. 10.8% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 20.7% of respondents answered Bitcoin, followed by 18.9% for Ethereum.
Additionally, 12.6% mentioned XRP, 6.1% Dogecoin, 2.4% Solana, 1.8% Shiba Inu, 1.4% Polygon , 1.3% TRON, and 1.2% Ethereum Classic.
Furthermore, a total of 33.6% provided various other opinions. These included cryptocurrencies such as MiL.k, Cardano, Worldcoin , Pepe, AhaToken, BitTorrent , Klaytn, Wemix, Paycoin, and others. 10.1%
of respondents stated they had no intention to buy.
As a response to a survey asking ‘As the launch of an ETH spot ETF in the United States is becoming more certain, what do you predict the peak price of ETH will be?’, 14.9% answered ‘$4,100 to $4,500’. Those who answered ‘$4,500 to $5,000’ were 28.3%. 26.0% of respondents answered ‘$5,000 to $6,000’. 26.3% of respondents answered ‘Over $6,000’. The percentage of the participants who answered ‘It’s difficult to surpass the all-time high’ were 4.6%.
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
