CoinGecko survey: Despite recent market turmoil, 49% people are still optimistic about Crypto
Source: bitcoinist
Compile:Blockchainknight
The Crypto asset market has been up and down in an endless cycle. Coingecko recently conducted a survey of people related to the Crypto asset industry and reached some conclusions.
The survey was conducted between June 25 and July 8 and collected responses from more than 2,500 respondents, most of whom have some connection to the crypto asset space through investment or employment.
The survey results were released on July 10, revealing subtle details about how crypto asset users feel.Positive and negative market sentiments are almost evenly split.
The survey shows that 49.3% participants are optimistic about the future value of Crypto assets, and a considerable number of them still believe that Crypto assets have the potential to gain more gains and growth in the coming months.
Meanwhile, about a quarter are not hopeful, but they are almost evenly split between completely bearish and slightly bearish.More than a quarter of participants had no preference or a weak preference for either a bullish or bearish outcome..
This neutral stance was interpreted by many as a cautious approach, perhaps waiting for clearer market signals before taking a firmer stance.
LimYuQian, a research analyst at CoinGecko, said:This widespread neutrality could mean that market participants are unsure of where BTC is headed., or are taking a "wait-and-see" approach while waiting for a clearer trend to emerge.
This difference in sentiment is even more pronounced when analyzed by market participant type, with “bystanders”, or non-industry operators or direct investors, expressing more bearish sentiment, accounting for about 40%.
The “bystanders” group also had the highest rate of neutral behavior, which could be due to staying away from active trading or perhaps a deliberate retreat to observe market movements from a distance.
Conversely, the most bullish are experienced crypto asset owners who have invested in digital currencies for many years. This suggests that positive views on prices may be related to familiarity with how the market works.
The sentiment among crypto asset industry players is equally positive, highlighting that regardless of the current market challenges, their confidence in the industry and its long-term potential is unwavering.
While these mixed sentiments paint a picture of a market at a crossroads, with both enthusiasm and caution among participants, it is worth noting thatThis is happening when the market is going against all expectations..
Since both the spot BTC ETF and the ETH ETF have been approved by the U.S. Securities and Exchange Commission (SEC), many people expect the Crypto asset market to be bullish now. However, contrary to these expectations, the market has recentlyXiaobai NavigationRecently, there has been a downward trend.
Although the global Crypto asset market currently seems to be experiencing some form of recovery, rising nearly 1% in the past day and currently valued at over $2.2 trillion, it is worth noting that the current market performance comes against the backdrop of a notable plunge in BTC and Ethereum last week.
The article comes from the Internet:CoinGecko survey: Despite recent market turmoil, 49% people are still optimistic about Crypto
The US dollar stablecoin may become one of the largest buyers of US Treasuries. Written by: Paul D. Ryan, former Speaker of the US House of Representatives and member of the Paradigm Policy Committee Compiled by: Luffy, Foresight News The US economic and social experiment is at a critical crossroads, and this is most evident in the national debt…