Weekly South Korea Crypto Market Outlook : The first 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 September 30th to October 4th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 42.0% of respondents (compared to 47.7% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 40.1% (compared to 36.8% last week), while the percentage of respondents anticipating a fall or sharp drop was 18.0% (compared to 15.6% last week).
For Ethereum, it showed a similar trend to Bitcoin. 46.1% of respondents (compared to 52.4% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 38.1% (compared to 34.1% last week), while those anticipating a fall or sharp drop remained at 15.9% (compared to 13.5% 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 19.3% of respondents answered Bitcoin, followed by 17.5% for Ethereum.
Additionally, 11.9% mentioned XRP, 5.4% Dogecoin, 2.6% Solana, 1.7% Shiba Inu, 1.5% MiL.k, 1.3% AhaToken, and 1.2% TRON.
Furthermore, a total of 37.6% provided various other opinions. These included cryptocurrencies such as Polygon, Klaytn, Ethereum Classic, BitTorrent, The Sandbox, Cardano, CORE, Metadium, Paycoin, and others. 13.3% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 22.3% of respondents answered Bitcoin, followed by 17.0% for Ethereum.
Additionally, 13.3% mentioned XRP, 4.6% Dogecoin, 3.3% Solana , 2.1% Shiba Inu, 1.4% MiL.k, 1.1% TRON, and 1.2% TRON.
Furthermore, a total of 37.6% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, Ondo Finance, World, CORE, AhaToken, BitTorrent, Cardano, Klaytn, Metadium, and others. 12.1% of respondents stated they had no intention to buy.
As a response to a survey asking ‘October is traditionally called ‘Uptober’ because it’s a month with a high possibility of a rally. Will Uptober come again this year?’, 51.2% answered ‘Yes, it will come again.’. Those who answered ‘No, it won’t come again.’ were 17.1%. 27.0% of respondents answered ‘The rally will come, but the increase will be minimal.’. 4.9% 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
