Weekly South Korea Crypto Market Outlook : The fourth 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 23rd to July 26th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 48.0% of respondents (compared to 60.7% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 37.6% (compared to 29.7% last week), while the percentage of respondents anticipating a fall or sharp drop was 14.5% (compared to 9.6% last week).
For Ethereum, it showed a similar trend to Bitcoin. 53.5% of respondents (compared to 65.1% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 34.7% (compared to 26.8% last week), while those anticipating a fall or sharp drop remained at 11.8% (compared to 8.2% last week).
When asked about market sentiment, 38.0%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 47.5%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 14.6%.
In response to questions about coins they recently sold or plan to sell 19.7% of respondents answered Bitcoin, followed by 17.7% for Ethereum.
Additionally, 14.1% mentioned XRP, 6.1% Dogecoin, 4.4% Solana, 1.6% TRON, 1.5% Polygon, 1.3% Shiba Inu, and 0.0% .
Furthermore, a total of 0.0% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, AhaToken, Paycoin, Klaytn, World coin, BitTorrent, Core, Cardano, Metadium, and others. 8.6% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 20.7% of respondents answered Bitcoin, followed by 17.8% for Ethereum.
Additionally, 13.8% mentioned XRP, 5.8% Dogecoin, 3.5% Solana , 2.0% Shiba Inu, 1.7% Ethereum Classic, 1.7% MiL.k, and 1.3% TRON.
Furthermore, a total of 31.8% provided various other opinions. These included cryptocurrencies such as Polygon, AhaToken, CORE, Paycoin, World coin, Ondo Finance, BitTorrent, Cardano, PEPE, and others. 9.3% of respondents stated they had no intention to buy.
As a response to a survey asking ‘As tens of billions of dollars worth of BTC are actually being moved from the Mt. Gox wallet to Kraken, Bitstamp, etc., what short-term impact will this have on the BTC price?’, 31.8% answered ‘No impact’. Those who answered ‘Upward trend’ were 47.0%. 21.3% of respondents answered ‘Downward trend’.
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
