Weekly South Korea Crypto Market Outlook : The third week of September 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 September 16th to September 20th.
According to the regular survey on weekly trends of Korean cryptocurrency investors jointly conducted by CoinNesss and Cratos, 36.7% of respondents (compared to 36.0% last week) forecasted that Bitcoin would rise or rise sharply next week. The percentage of respondents expecting a flat movement was 45.0% (compared to 43.1% last week), while the percentage of respondents anticipating a fall or sharp drop was 18.4% (compared to 21.0% last week).
For Ethereum, it showed a similar trend to Bitcoin. 43.7% of respondents (compared to 42.1% last week) forecasted that Ethereum would rise or rise sharply next week. Those expecting flat movement accounted for 39.7% (compared to 37.4% last week), while those anticipating a fall or sharp drop remained at 16.7% (compared to 20.6% 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 20.4% of respondents answered Bitcoin, followed by 16.7% for Ethereum.
Additionally, 11.9% mentioned XRP, 5.5% Dogecoin, 2.2% Solana, 2.1% Avalanche, 1.9% Sui, 1.4% TRON, and 1.3% AhaToken.
Furthermore, a total of 36.7% provided various other opinions. These included cryptocurrencies such as Ark, MiL.k, Polygon, BORA, BitTorrent, Shiba Inu, Ethereum Classic, Metadium, Cardano, and others. 9.7% of respondents stated they had no intention to sell.
In response to questions about coins they recently sold or plan to buy 23.1% of respondents answered Bitcoin, followed by 17.0% for Ethereum.
Additionally, 12.1% mentioned XRP, 4.1% Dogecoin, 2.5% Solana , 2.1% Avalanche, 1.6% MiL.k, 1.2% TRON, and 1.3% AhaToken.
Furthermore, a total of 36.7% provided various other opinions. These included cryptocurrencies such as Sui, Ark, Polygon, Ethereum Classic, Klaytn, Ondo Finance, CORE, BitTorrent, AhaToken, and others. 11.0% of respondents stated they had no intention to buy.
As a response to a survey asking ‘BTC continues to move sideways in a range-bound market. When will the upward rally resume?’, 32.5% answered ‘If the U.S. Federal Reserve cuts rates by 50bps.’. Those who answered ‘If Trump wins the U.S. presidential election in November.’ were 30.8%. 21.6% of respondents answered ‘If the Russia-Ukraine and Israel-Palestine conflicts end.’. 11.6% of respondents answered ‘If China lifts its cryptocurrency ban.’. 3.6% of respondents answered ‘This season is over. Time to aim for the next cycle.’.
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
