Weekly South Korea Crypto Market Outlook : The third week of October 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 October 16th to October 18th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 53.8% of respondents (compared to 38.1% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 31.5% (compared to 43.5% last week), while the percentage of respondents anticipating a fall or sharp drop was 14.7% (compared to 18.5% last week).
For Ethereum, it showed a similar trend to Bitcoin. 60.8% of respondents (compared to 42.5% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 28.8% (compared to 38.4% last week), while those anticipating a fall or sharp drop remained at 10.5% (compared to 19.2% 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 20.1% of respondents answered Bitcoin, followed by 17.8% for Ethereum.
Additionally, 10.7% mentioned XRP, 6.1% Dogecoin, 2.4% Solana, 1.3% TRON, 1.3% Shiba Inu, 1.2% AhaToken, and 1.2% Cardano.
Furthermore, a total of 38.0% provided various other opinions. These included cryptocurrencies such as Ethereum Classic, MiL.k, Polygon, Klaytn, BitTorrent, Metadium, Sui, CORE, Sandbox, and others. 15.5% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 20.7% of respondents answered Bitcoin, followed by 15.9% for Ethereum.
Additionally, 11.0% mentioned XRP, 6.1% Dogecoin, 2.4% Solana , 1.8% Shiba Inu, 1.4% MiL.k, 1.4% Polygon, and 1.2% Cardano.
Furthermore, a total of 38.0% provided various other opinions. These included cryptocurrencies such as AhaToken, BitTorrent, Sui, Ethereum Classic, CORE, Babydoge, Worldcoin, Cardano, PEPE, and others. 12.5% of respondents stated they had no intention to buy.
As a response to a survey asking ‘It seems that “Uptober,” signifying the traditional October bullish trend, has officially begun this week. What is your prediction for BTC’s closing price in October?’, 18.5% answered ‘$6.6k–$6.9k’. Those who answered ‘$7k–$7.5k’ were 39.4%. 34.2% of respondents answered ‘Above $7.5k’. 8.0% of respondents answered ‘Below $6.6k’.
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
