While Bitcoin (BTC) and altcoins are trying to recover after the sharp declines in recent weeks, CoinGecko analyzed the market expectations of cryptocurrency investors in a recent survey.
2,558 people participated in CoinGecko's survey, conducted between June 25 and July 8, and 94% of respondents said they owned cryptocurrency.
The survey revealed that nearly half of respondents are optimistic about cryptocurrencies.
While the survey revealed that 49% of participants have an upward expectation about the crypto market after the halving, this rate is almost twice the rate of participants expecting a decrease (25%).
“Crypto market sentiment is divided, with no strong consensus sentiment, just two months after the Bitcoin Halving.
According to the latest survey, 49.3% of crypto participants still feel optimistic about the market, despite the pullback reversing the initial post-Halving rally.
Specifically, 26.1% of respondents felt somewhat optimistic, slightly more than the 23.2% who were completely optimistic.
What do people think about the post-halving crypto market?
Bullish – 23.2% Slightly Bullish – 26.1% Neutral – 25.5% Slightly Bearish – 13.4% Bearish – 11.8%”
CoinGecko research analyst Lim Yu Qian commented on the survey results: “The large share of neutral sentiment may reflect participants' uncertainty about cryptocurrency market conditions or indicate that participants are waiting for further developments before forming their market views.”
How are people feeling about the crypto market post-halving? 🤔
Bullish – 23.2%
Somewhat Bullish – 26.1%
Neutral – 25.5%
Somewhat Bearish – 13.4%
Bearish – 11.8%— CoinGecko (@coingecko) July 10, 2024
*This is not investment advice.
