Weekly South Korea Crypto Market Outlook : The first week of April 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 April 1st to April 5th.

According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 44.2% of respondents (compared to 62.3% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 42.9% (compared to 30.0% last week), while the percentage of respondents anticipating a fall or sharp drop was 12.9% (compared to 7.7% last week).

For Ethereum, it showed a similar trend to Bitcoin. 48.3% of respondents (compared to 65.2% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 40.2% (compared to 28.0% last week), while those anticipating a fall or sharp drop remained at 11.5% (compared to 6.8% last week).

When asked about market sentiment, 40.5%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 48.4%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 11.1%.

In response to questions about coins they recently sold or plan to sell, 20.3% of respondents answered Ethereum, followed by 18.6% for Bitcoin.
Additionally, 11.2% mentioned Ripple, 7.2% Dogecoin, 2.2% Solana, 2.0% Shiba Inu, 1.7% TRON, 1.4% Ethereum Classic, and 1.3% MiL.k.
Furthermore, a total of 34.2% provided various other opinions. These included cryptocurrencies such as AhaToken, MiL.k, Polygon, Klaytn, Metadium, Bitcoin Cash, Wemix, BitTorrent, World, eCash, and others. 7.2% of respondents stated they had no intention to sell.

In response to questions about coins they recently bought or plan to buy, 21.1% of respondents answered Bitcoin, followed by 21.0% for Ethereum.
Additionally, 11.8% mentioned Ripple, 6.6% Dogecoin, 2.2% Shiba Inu, 1.9% Solana, 1.5% TRON, 1.4% MiL.k, and 1.2% Polygon.
Furthermore, a total of 31.3% provided various other opinions. These included cryptocurrencies such as Core, Klaytn, Ethereum Classic, Cardano, Bitcoin Cash, Wemix, Stacks, World, Metadium, and others. 6.4% of respondents stated they had no intention to buy.

As a response to a survey asking about the experience using decentralized exchanges(DEX), the highest number of respondents, 51.0%, answered that they had no experience, but were willing to try. Those who answered that they had no experience, and wouldn’t use any in the future were 29.7%. 15.6% of respondents answered that they had experience, and would continue to use them. The smallest number of respondents, 3.7%, answered that they had experience, but wouldn’t use them anymore.