Weekly South Korea Crypto Market Outlook : The third week of July 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 July 15th to July 19th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 60.7% of respondents (compared to 40.1% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 29.7% (compared to 40.1% last week), while the percentage of respondents anticipating a fall or sharp drop was 9.6% (compared to 19.9% last week).
For Ethereum, it showed a similar trend to Bitcoin. 65.1% of respondents (compared to 45.0% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 26.8% (compared to 36.3% last week), while those anticipating a fall or sharp drop remained at 8.2% (compared to 18.8% last week).
When asked about market sentiment, 44.1%, responded with optimism or extreme optimism. The proportion of those responding neutrally was recorded at 44.7%. The percentage of people experiencing fear or extreme fear in the current cryptocurrency market is 11.3%.
In response to questions about coins they recently sold or plan to sell 19.9% of respondents answered Bitcoin, followed by 17.7% for Ethereum.
Additionally, 12.3% mentioned XRP, 6.1% Dogecoin, 2.1% Solana, 1.6% Paycoin, 1.6% TRON, 1.5% MiL.k, and 1.4% Shiba Inu.
Furthermore, a total of 35.7% provided various other opinions. These included cryptocurrencies such as Polygon, Ethereum Classic, AhaToken, BitTorrent, Cardano, World, Klaytn, Metadium, The Sandbox, and others. 10.3% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 24.0% of respondents answered Bitcoin, followed by 17.3% for Ethereum.
Additionally, 13.6% mentioned XRP, 5.4% Dogecoin, 2.8% Solana , 1.3% MiL.k , 1.2% Polygon, 1.2% Shiba Inu, and 1.2% TRON.
Furthermore, a total of 32.0% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, Worldcoin, Paycoin, AhaToken, Core, BitTorrent, Stacks, Cardano, Ondo Finance, and others. 9.5% of respondents stated they had no intention to buy.
As a response to a survey asking ‘After the Trump assassination attempt, the possibility of his election victory increased, causing Bitcoin to recover to the $60,000 mark. Will Bitcoin continue its upward trend this week?’, 60.1% answered ‘Continued upward trend expected.’. Those who answered ‘Downward trend expected.’ were 27.0%. 13.0% of respondents answered ‘Sideways movement expected.’.
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
