Weekly South Korea Crypto Market Outlook : The third week of April 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 April 17th to April 19th.

According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 31.3% of respondents (compared to 46.0% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 38.1% (compared to 39.2% last week), while the percentage of respondents anticipating a fall or sharp drop was 30.6% (compared to 14.8% last week).

For Ethereum, it showed a similar trend to Bitcoin. 35.6% of respondents (compared to 50.6% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 37.5% (compared to 38.5% last week), while those anticipating a fall or sharp drop remained at 26.9% (compared to 10.9% last week).

When asked about market sentiment, 26.6%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 47.3%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 26.1%.

In response to questions about coins they recently sold or plan to sell, 20.8% of respondents answered Ethereum, followed by 16.4% for Bitcoin.
Additionally, 11.6% mentioned Ripple, 6.3% Dogecoin, 2.2% Solana, 1.7% TRON, 1.5% Shiba Inu, 1.4% MiL.k, and 1.3% AhaToken.
Furthermore, a total of 36.7% provided various other opinions. These included cryptocurrencies such as Polygon, Ethereum Classic, Klaytn, Paycoin, BitTorrent, Cardano, Wemix, World, Metadium, and others. 12.1% of respondents stated they had no intention to sell.

In response to questions about coins they recently bought or plan to buy, 21.0% of respondents answered Bitcoin, followed by 20.5% for Ethereum.
Additionally, 11.6% mentioned Ripple, 5.7% Dogecoin, 2.2% Solana, 1.4% Shiba Inu, 1.3% Ethereum Classic, 1.3% Polygon, and 1.1% MiL.k.
Furthermore, a total of 33.9% provided various other opinions. These included cryptocurrencies such as TRON, BitTorrent, Core, Paycoin, World, Cardano, Bitcoin Cash, Wemix, Pepe, and others. 11.2% of respondents stated they had no intention to buy.

As a response to a survey asking about most anticipated positive news for Bitcoin bullrun, 55.1% answered ‘The launch of the spot Bitcoin ETF in Hong Kong’. Those who answered ‘The Bitcoin halving’ were 44.9%.