Weekly South Korea Crypto Market Outlook : The second week of December 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 December 10th to December 13th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 39.2% of respondents (compared to 57.4% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 37.4% (compared to 30.6% last week), while the percentage of respondents anticipating a fall or sharp drop was 23.5% (compared to 12.0% last week).
For Ethereum, it showed a similar trend to Bitcoin. 49.0% of respondents (compared to 64.1% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 33.6% (compared to 26.9% last week), while those anticipating a fall or sharp drop remained at 17.5% (compared to 9.1% 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 17.6% of respondents answered Bitcoin, followed by 16.7% for Ethereum.
Additionally, 13.7% mentioned XRP, 7.0% Dogecoin, 2.3% Solana, 1.9% MiL.k, 1.4% Shiba Inu, 1.2% TRON, and 1.1% Polygon.
Furthermore, a total of 37.2% provided various other opinions. These included cryptocurrencies such as Pepe, AhaToken, Ethereum Classic, World, BitTorrent, CORE, The Sandbox, Paycoin, Cardano, and others. 15.4% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 19.0% of respondents answered Bitcoin, followed by 17.5% for Ethereum.
Additionally, 13.8% mentioned XRP, 6.5% Dogecoin, 2.1% Solana , 1.5% MiL.k, 1.3% Shiba Inu, 1.3% TRON, and 1.1% Polygon.
Furthermore, a total of 37.2% provided various other opinions. These included cryptocurrencies such as Polygon, Cardano, Movement, Babydoge, Stellar, Ethereum Classic, World, CORE, The Sandbox, and others. 14.8% of respondents stated they had no intention to buy.
As a response to a survey asking ‘Can Ethereum, the “King of Altcoins,” Maintain Its Title Despite Underperformance This Cycle?’, 44.8% answered ‘Ethereum will remain the eternal king of altcoins.’. Those who answered ‘It will be overtaken by Solana.’ were 14.4%. 30.5% of respondents answered ‘It will be overtaken by Ripple.’. 4.7% of respondents answered ‘It will be overtaken by BNB Chain.’. Also, 2.5% of respondents answered ‘It will be overtaken by the MOVE ecosystem.’. Lastly, the percentage of the respondents who answered ‘It will be overtaken by Dogecoin.’ was 3.1%.
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
