Weekly South Korea Crypto Market Outlook : The first week of December 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 December 2nd to December 6th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 57.4% of respondents (compared to 42.1% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 30.6% (compared to 35.8% last week), while the percentage of respondents anticipating a fall or sharp drop was 12.0% (compared to 22.2% last week).
For Ethereum, it showed a similar trend to Bitcoin. 64.1% of respondents (compared to 53.7% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 26.9% (compared to 32.1% last week), while those anticipating a fall or sharp drop remained at 9.1% (compared to 14.3% 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 Bitcoin, followed by 17.2% for Ethereum.
Additionally, 15.8% mentioned XRP, 7.8% Doge, 2.0% Solana, 1.6% MiL.k, 1.6% Shiba Inu, 1.1% TRON, and 1.0% Polygon.
Furthermore, a total of 33.8% provided various other opinions. These included cryptocurrencies such as Stellar, The Sandbox, AhaToken, Cardano, BitTorrent, Pepe, Ethereum Classic, Kaia, EOS, and others. 10.7% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 20.0% of respondents answered Bitcoin, followed by 17.7% for Ethereum.
Additionally, 16.3% mentioned XRP, 6.7% Dogecoin, 2.2% Solana , 1.9% Shiba Inu, 1.3% TRON, 1.3% PEPE, and 1.0% Polygon.
Furthermore, a total of 33.8% provided various other opinions. These included cryptocurrencies such as Polygon, MiL.k, Cardano, AhaToken, Ethereum Classic, BitTorrent, Kaia, World, CORE, and others. 9.6% of respondents stated they had no intention to buy.
As a response to a survey asking ‘On December 10th, the results of the vote on whether Microsoft will invest in Bitcoin will be announced at the shareholder meeting. What do you predict the outcome will be?’, 62.7% answered ‘They will invest.’. Those who answered ‘They will not invest.’ were 16.3%. 16.3% of respondents answered ‘Even if it is rejected this time, there will be opportunities in the future.’. 4.8% of respondents answered ‘I don’t know.’.
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
