Weekly South Korea Crypto Market Outlook : The first 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 4th to November 8th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 44.4% 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 34.3% (compared to 24.0% last week), while the percentage of respondents anticipating a fall or sharp drop was 21.3% (compared to 19.8% last week).
For Ethereum, it showed a similar trend to Bitcoin. 50.1% of respondents (compared to 63.9% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 32.9% (compared to 22.9% last week), while those anticipating a fall or sharp drop remained at 17.0% (compared to 13.3% 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 19.3% of respondents answered Bitcoin, followed by 18.0% for Ethereum.
Additionally, 11.4% mentioned Ripple, 8.2% Doge, 2.6% Solana, 1.6% Cardano, 1.4% Paycoin, 1.4% MiL.k, and 1.3% TRON.
Furthermore, a total of 34.8% provided various other opinions. These included cryptocurrencies such as AhaToken, Sui, Shiba Inu, Polygon, Bigtime, The Sandbox, BitTorrent, Klaytn, Wemix, and others. 12.6% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 23.0% of respondents answered Bitcoin, followed by 16.8% for Ethereum.
Additionally, 11.9% mentioned Ripple, 5.6% Dogecoin, 2.9% Solana, 2.2% Shiba Inu, 1.5% MiL.k, 1.3% Polygon, and 1.3% TRON.
Furthermore, a total of 34.8% provided various other opinions. These included cryptocurrencies such as AhaToken, CORE, Ethereum Classic, Cardano, World, PEPE, BitTorrent, Babydoge, Paycoin, and others. 13.0% of respondents stated they had no intention to buy.
As a response to a survey asking ‘This week, with the U.S. presidential election and the FOMC meeting scheduled, Bitcoin volatility is expected to increase. What is your outlook on altcoin volatility?’, 29.7% answered ‘Bitcoin and altcoin volatility will not be as high as anticipated.’. Those who answered ‘Both Bitcoin and altcoin volatility will be high.’ were 49.9%. 14.4% of respondents answered ‘Only Bitcoin volatility will be high.’. 6.0% of respondents answered ‘Only altcoin volatility will be high.’.
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
