The post Crypto optimism remains strong despite market fluctuations, survey shows appeared on BitcoinEthereumNews.com.

The cryptocurrency market continues to inspire confidence among participants, with a recent survey revealing that a significant majority believe the current bull run is far from over.  According to a CoinGecko report released on July 12, 81.6% of respondents expressed optimism about the market’s future trajectory. This sentiment prevails despite recent market volatility and regulatory uncertainties. The survey, which gathered responses from 2,558 crypto participants, provides valuable insights into the mindset of investors, traders, and builders in the space. Notably, more than half of the respondents (52.3%) estimated that the current bull run was still in its early stages or just beginning. This perspective suggests a strong belief in the potential for further market growth and price appreciation. Survey results. Source: CoinGecko Investors lead the optimistic charge Among the different categories of participants, “investors” emerged as the most bullish group. As reported by CoinGecko, a striking 84.3% of investors believed that the bull run was not yet over. This figure surpasses the overall average and indicates a particularly positive outlook among those with long-term holdings. Traders and builders, while still optimistic, showed slightly more caution in their assessments. The survey revealed that 78.6% of traders and 74.9% of builders estimated that the bull run had not reached its conclusion. Participants’ categories are Investors, Traders, Builders, and Spectators. Source: CoinGecko Interestingly, the level of experience in the crypto space did not significantly influence participants’ views on the current market cycle. Newcomers and veteran crypto natives shared similar estimates, with around 52% across all experience levels believing the market was in its early stages. Expectations of future market performance The survey also explored participants’ beliefs about the future direction of the crypto market. A substantial 60.4% of respondents identified most closely with the statement, “We have not yet peaked for this cycle,…

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Filed under: News - @ July 13, 2024 6:28 pm