Weekly South Korea Crypto Market Outlook : The fifth week of November 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 November 26th to November 29th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 42.1% of respondents (compared to 56.3% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 35.8% (compared to 30.3% last week), while the percentage of respondents anticipating a fall or sharp drop was 22.2% (compared to 13.5% last week).
For Ethereum, it showed a similar trend to Bitcoin. 53.7% of respondents (compared to 67.4% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 32.1% (compared to 25.4% last week), while those anticipating a fall or sharp drop remained at 14.3% (compared to 7.3% 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 18.4% of respondents answered Bitcoin, followed by 16.1% for Ethereum.
Additionally, 12.2% mentioned XRP, 7.7% Doge, 3.8% Solana, 1.8% MiL.k, 1.8% Stellar, 1.1% Polygon, and 1.0% Shiba Inu.
Furthermore, a total of 36.3% provided various other opinions. These included cryptocurrencies such as TRON, Cardano, The Sandbox, AhaToken, Ethereum Classic, World, Metadium, BitTorrent, CORE, and others. 15.1% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 19.7% of respondents answered Bitcoin, followed by 16.9% for Ethereum.
Additionally, 13.4% mentioned XRP, 6.1% Dogecoin, 2.4% Solana , 1.7% Shiba Inu, 1.4% MiL.k, 1.2% TRON, and 1.0% Shiba Inu.
Furthermore, a total of 36.3% provided various other opinions. These included cryptocurrencies such as Polygon, Stellar Lumen, The Sandbox, Worldcoin, AhaToken, PEPE, Ethereum Classic, BitTorrent, BORA, and others. 15.1% of respondents stated they had no intention to buy.
As a response to a survey asking ‘With Bitcoin’s upward trend faltering just before reaching $100,000, could this signal the start of the altcoin season?’, 18.7% answered ‘The correction in BTC will deepen, leading altcoins to follow a downward trajectory.’. Those who answered ‘Capital concentrated in BTC will disperse, initiating an altcoin season.’ were 35.3%. 20.5% of respondents answered ‘BTC will successfully break the $100K mark, delaying the altcoin season.’. 22.9% of respondents answered ‘Both BTC and altcoins will rise, setting new all-time highs (ATH).’. And 2.7% of respondents answered ‘The upward trend will come to an end.’.
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
