“Explosive! 36% of South Korean Investors Bet on Altcoins' Comeback in Q3, Is Bitcoin's 88,000 Enough to Watch?”
Why are South Korean investors so optimistic?
Bitcoin has soared to $88,054, rising 3% over the past week, but altcoins seem to be lagging behind a bit, with Ethereum ($1,575), XRP ($2.08), and Solana ($138.91) having slightly dipped by 0.2%-0.5% last night. As a result, South Korean investors smell an opportunity for altcoins to turn around. CoinNess and Cratos surveyed 2,000 South Korean crypto players, and 36% believe that altcoins will mine in the third quarter, with 16.7% even betting that they can start this quarter.
What is the market sentiment like?
Despite Bitcoin's booming performance, 46% of investors are still extremely afraid, 29.3% remain calm, and only 24.7% truly believe they will make a fortune. 33% are bullish that Bitcoin can continue to rise this week, 35.7% believe the market will stabilize, while only 31% are pessimistic, thinking it will fall.
CoinMarketCap's Altcoin
Season Index is only 16, far from the “peak season,” indicating that Bitcoin is still the leader, contributing over 60% to the market. However, 22% of investors believe that altcoins will explode in the fourth quarter, 13.3% think there’s no chance this year, and 11.3% even believe that the altcoin bull market has already cooled down.
What do analysts say?
Crypto influencer Altcoin Gordon is very optimistic, stating, “Once altcoin season arrives, the bull market will explode.” Currently, the market is still recovering from macro uncertainties, and altcoins cannot possibly surpass Bitcoin in the coming months; it still depends on fate.
Why are South Korean investors so optimistic?
Bitcoin has soared to $88,054, rising 3% over the past week, but altcoins seem to be lagging behind a bit, with Ethereum ($1,575), XRP ($2.08), and Solana ($138.91) having slightly dipped by 0.2%-0.5% last night. As a result, South Korean investors smell an opportunity for altcoins to turn around. CoinNess and Cratos surveyed 2,000 South Korean crypto players, and 36% believe that altcoins will mine in the third quarter, with 16.7% even betting that they can start this quarter.
What is the market sentiment like?
Despite Bitcoin's booming performance, 46% of investors are still extremely afraid, 29.3% remain calm, and only 24.7% truly believe they will make a fortune. 33% are bullish that Bitcoin can continue to rise this week, 35.7% believe the market will stabilize, while only 31% are pessimistic, thinking it will fall.
CoinMarketCap's Altcoin
Season Index is only 16, far from the “peak season,” indicating that Bitcoin is still the leader, contributing over 60% to the market. However, 22% of investors believe that altcoins will explode in the fourth quarter, 13.3% think there’s no chance this year, and 11.3% even believe that the altcoin bull market has already cooled down.
What do analysts say?
Crypto influencer Altcoin Gordon is very optimistic, stating, “Once altcoin season arrives, the bull market will explode.” Currently, the market is still recovering from macro uncertainties, and altcoins cannot possibly surpass Bitcoin in the coming months; it still depends on fate.
