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.”
*This is not investment advice.