Weekly South Korea Crypto Market Outlook : The fourth week of September 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 24th to September 27th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 47.7% of respondents (compared to 36.7% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 36.8% (compared to 45.0% last week), while the percentage of respondents anticipating a fall or sharp drop was 15.6% (compared to 18.4% last week).
For Ethereum, it showed a similar trend to Bitcoin. 52.4% of respondents (compared to 43.7% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 34.1% (compared to 39.7% last week), while those anticipating a fall or sharp drop remained at 13.5% (compared to 16.7% 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 19.4% of respondents answered Bitcoin, followed by 16.1% for Ethereum.
Additionally, 11.4% mentioned XRP, 5.6% Dogecoin, 2.5% Solana, 1.3% Ark, 1.2% Bigtime, 1.2% AhaToken, and 1.2% TRON.
Furthermore, a total of 40.2% provided various other opinions. These included cryptocurrencies such as BitTorrent, MiL.k, Nervos Network, Polygon, Shiba Inu, Pundi X, Solar, Metadium, Ethereum Classic, and others. 11.5% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 22.0% of respondents answered Bitcoin, followed by 16.6% for Ethereum.
Additionally, 12.0% mentioned XRP, 4.1% Dogecoin, 2.6% Solana , 1.6% Shiba Inu, 1.5% MiL.k, 1.3% Sei, and 1.2% TRON.
Furthermore, a total of 40.2% provided various other opinions. These included cryptocurrencies such as Pendle, Polygon, Ethereum Classic, NEAR Protocol, TRON, Celo, AhaToken, CORE, BitTorrent, and others. 10.5% of respondents stated they had no intention to buy.
As a response to a survey asking ‘Bitcoin dominance is on the decline, and some analysts are predicting that this time an altcoin season may finally arrive. Do you think there will be a bullish altcoin season within this year?’, 24.5% answered ‘It will be difficult until Bitcoin breaks its previous ATH.’. Those who answered ‘There will be a cycle of altcoin pumping even if Bitcoin doesn’t break its ATH.’ were 47.5%. 15.8% of respondents answered ‘It will come in the first half of next year.’. 12.3% of respondents answered ‘Only Bitcoin and a few major altcoins will rise significantly.’.
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
