Weekly South Korea Crypto Market Outlook : The first week of July 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 July 1st to July 5th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 40.0% of respondents (compared to 33.9% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 41.4% (compared to 38.6% last week), while the percentage of respondents anticipating a fall or sharp drop was 18.7% (compared to 27.6% last week).
For Ethereum, it showed a similar trend to Bitcoin. 45.1% of respondents (compared to 38.6% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 37.4% (compared to 35.6% last week), while those anticipating a fall or sharp drop remained at 17.5% (compared to 25.9% last week).
When asked about market sentiment, 29.0%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 52.9%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 18.2%.
In response to questions about coins they recently sold or plan to sell 19.2% of respondents answered Bitcoin, followed by 18.0% for Ethereum.
Additionally, 11.8% mentioned XRP, 6.1% Dogecoin, 2.6% Solana, 2.2% MiL.k, 1.5% TRON, 1.5% Polygon, and 1.3% Shiba Inu.
Furthermore, a total of 35.7% provided various other opinions. These included cryptocurrencies such as AhaToken, World coin, Metadium, Klaytn, Ethereum Classic, BitTorrent, CORE, The Sandbox, Cardano, and others. 10.4% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 23.3% of respondents answered Bitcoin, followed by 17.9% for Ethereum.
Additionally, 11.9% mentioned XRP, 5.3% Dogecoin, 3.3% Solana , 1.8% MiL.k , 1.4% Shiba Inu, 1.2% Polygon , and 1.0% Core.
Furthermore, a total of 32.9% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, TRON, AhaToken, Worldcoin, BitTorrent, Ondo Finance, Cardano, Metadium, Klaytn, and others. 9.4% of respondents stated they had no intention to buy.
As a response to a survey asking ‘In the U.S. cryptocurrency industry, it is predicted that a favorable regulatory environment will be established if Trump is elected. If Trump is elected, how do you think the price of Bitcoin will move?’, 55.9% answered ‘Increase’. Those who answered ‘Decrease’ were 17.9%. 18.3% of respondents answered ‘Stay the same’. 8.0% of respondents answered ‘Move regardless of the outcome’.
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
