Weekly South Korea Crypto Market Outlook : The third 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 16th to December 20th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 57.3% of respondents (compared to 39.2% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 29.8% (compared to 37.4% last week), while the percentage of respondents anticipating a fall or sharp drop was 13.0% (compared to 23.5% last week).
For Ethereum, it showed a similar trend to Bitcoin. 65.7% of respondents (compared to 49.0% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 26.4% (compared to 33.6% last week), while those anticipating a fall or sharp drop remained at 8.0% (compared to 17.5% 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 19.2% of respondents answered Bitcoin, followed by 18.0% for Ethereum.
Additionally, 12.4% mentioned XRP, 6.7% Dogecoin, 2.2% Solana, 1.4% TRON, 1.4% MiL.k, 1.4% Shiba Inu, and 1.1% Polygon.
Furthermore, a total of 36.2% provided various other opinions. These included cryptocurrencies such as AhaToken, Metadium, The Sandbox, Stacks, Ethereum Classic, Pepe, Paycoin, World, CORE, and others. 12.8% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 21.5% of respondents answered Bitcoin, followed by 18.1% for Ethereum.
Additionally, 15.1% mentioned XRP, 6.2% Dogecoin, 2.0% Solana , 1.2% Shiba Inu, 1.2% TRON, 1.2% MiL.k, and 1.1% Polygon.
Furthermore, a total of 36.2% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, Cardano, CORE, Stellar, PEPE, AhaToken, Babydoge, BitTorrent, Ondo Finance, and others. 11.6% of respondents stated they had no intention to buy.
As a response to a survey asking ‘On Monday, Bitcoin once again reached an ATH. With Christmas approaching, expectations for a ‘Santa Rally’ are being reflected. Will there be a Santa Rally this year?’, 67.5% answered ‘Yes, there will be.’. Those who answered ‘No, there won’t be.’ were 17.8%. 14.8% of respondents answered ‘Not a full rally, but a slight increase.’.
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
