Weekly South Korea Crypto Market Outlook : The third week of November 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 November 11th to November 15th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 68.7% of respondents (compared to 44.4% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 19.1% (compared to 34.3% last week), while the percentage of respondents anticipating a fall or sharp drop was 12.3% (compared to 21.3% last week).
For Ethereum, it showed a similar trend to Bitcoin. 76.9% of respondents (compared to 50.1% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 16.5% (compared to 32.9% last week), while those anticipating a fall or sharp drop remained at 6.7% (compared to 17.0% 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 16.9% for Ethereum.
Additionally, 11.8% mentioned Doge, 10.5% XRP, 2.3% Solana, 1.7% Shiba Inu, 1.3% The Sandbox, 1.2% MiL.k, and 1.0% AhaToken.
Furthermore, a total of 33.8% provided various other opinions. These included cryptocurrencies such as Cardano, Polygon, TRON, Metadium, CORE, BitTorrent, World, Ethereum Classic, Kalytn, 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 22.6% of respondents answered Bitcoin, followed by 16.5% for Ethereum.
Additionally, 11.0% mentioned XRP, 10.7% Dogecoin, 2.5% Solana , 2.3% Shiba Inu, 1.0% Cardano, 1.0% Polygon, and 1.0% AhaToken.
Furthermore, a total of 33.8% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, TRON, AhaToken, CORE, World, BitTorrent, Babydoge, PEPE, Ondo, and others. 12.5% of respondents stated they had no intention to buy.
As a response to a survey asking ‘Altcoins, led by Dogecoin, are stirring once again. In the upcoming alt season, will the majority of altcoins be able to break through the highs reached in March this year?’, 62.6% answered ‘Likely to break through’. Those who answered ‘Unlikely to break through’ were 14.2%. 18.2% of respondents answered ‘Only a few altcoins will recover to March levels’. 5.2% of respondents answered ‘I don’t know’.
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
