Weekly South Korea Crypto Market Outlook : The fifth week of October 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 October 30th to November 1st.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 56.3% of respondents (compared to 51.3% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 24.0% (compared to 31.1% last week), while the percentage of respondents anticipating a fall or sharp drop was 19.8% (compared to 17.7% last week).
For Ethereum, it showed a similar trend to Bitcoin. 63.9% of respondents (compared to 60.8% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 22.9% (compared to 28.8% last week), while those anticipating a fall or sharp drop remained at 13.3% (compared to 10.5% 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 18.5% of respondents answered Bitcoin, followed by 15.4% for Ethereum.
Additionally, 10.8% mentioned Dogecoin, 9.7% Ripple, 3.6% Solana, 2.2% MiL.k, 1.6% TRON, 1.6% Mask Network, and 1.3% Shiba Inu.
Furthermore, a total of 35.4% provided various other opinions. These included cryptocurrencies such as Aptos, Ark, Medibloc, AhaToken, Polygon, BitTorrent, Ethereum Classic, CORE, Worldcoin, 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 20.3% of respondents answered Bitcoin, followed by 15.6% for Ethereum.
Additionally, 10.3% mentioned Dogecoin, 9.7% Ripple, 3.0% Solana , 1.9% Shiba Inu, 1.5% Polygon, 1.4% MiL.k, and 1.3% Shiba Inu.
Furthermore, a total of 35.4% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, AhaToken, BitTorrent, CORE, Babydoge, Sui, Cardano, Stacks, Worldcoin, and others. 13.5% of respondents stated they had no intention to buy.
As a response to a survey asking ‘The U.S. presidential election approaches next week. If Trump wins, how would you anticipate the short-term BTC volatility?’, 32.3% answered ‘Over 15% surge’. Those who answered ‘10–15% increase’ were 33.5%. 21.3% of respondents answered ‘5–9% increase’. 7.9% of respondents answered ‘1–4% increase’. Besides, 5.1% of respondents answered ‘Unexpected decline’.
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
