Weekly South Korea Crypto Market Outlook : The fourth 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 October 21st to October 25th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 51.3% of respondents (compared to 53.8% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 31.1% (compared to 31.5% last week), while the percentage of respondents anticipating a fall or sharp drop was 17.7% (compared to 14.7% last week).
For Ethereum, it showed a similar trend to Bitcoin. 55.1% of respondents (compared to 60.8% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 30.6% (compared to 28.8% last week), while those anticipating a fall or sharp drop remained at 14.4% (compared to 10.5% 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 18.7% of respondents answered Bitcoin, followed by 17.8% for Ethereum.
Additionally, 10.8% mentioned XRP, 5.8% Dogecoin, 2.6% Solana, 1.8% Ethereum Classic, 1.5% MiL.k, 1.5% Avalanche, and 1.5% Shiba Inu.
Furthermore, a total of 37.9% provided various other opinions. These included cryptocurrencies such as TRON, AhaToken, Polygon, BitTorrent, World, The Sandbox, Cardano, Metadium, Klaytn, and others. 14.9% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 22.1% of respondents answered Bitcoin, followed by 16.8% for Ethereum.
Additionally, 11.4% mentioned XRP, 5.0% Dogecoin, 2.9% Solana , 2.0% Shiba Inu, 1.7% MiL.k, 1.6% TRON, and 1.5% Shiba Inu.
Furthermore, a total of 37.9% provided various other opinions. These included cryptocurrencies such as Polygon, AhaToken, Ondo Finance, BitTorrent, Cardano, CORE, Worldcoin, BabyDoge, The Sandbox, and others. 13.1% of respondents stated they had no intention to buy.
As a response to a survey asking ‘The market cap gap between Bitcoin and Ethereum has reached over $1 trillion, with Ethereum lagging in growth compared to Bitcoin. Can Ethereum reach its previous high of around $4,000 in this cycle?’, 58.1% answered ‘Yes, it can.’. Those who answered ‘No, it can’t.’ were 18.8%. 20.1% of respondents answered ‘I don’t know.’. 3.0% of respondents answered ‘I’m not interested.’.
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
