Bullish Santiment Remains Strong, Despite Recent Price Slump

Despite recent price challenges, optimism prevails among crypto investors, as per a CoinGecko survey.

Surveying 2,588 respondents, the data showed 82% believe the crypto bull run persists, with over 50% indicating it’s still early stages.

Investor sentiment varied: 55.5% see the bull run starting, while 28.8% see it continuing. Overall, 84.3% expressed confidence in upward market trends.

Traders and developers were cautious; 78.6% of traders and 74.9% of developers felt the bull run isn’t over, compared to 69% of spectators.

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Interestingly, optimism spans all experience levels in crypto: 52.7% of 0-3 years, 52.2% of 4-7 years, and 51.8% of over 8 years see early bull run signs.

The survey also found 60.4% anticipate market gains, with 21.3% foreseeing a supercycle, suggesting potential for Bitcoin to surpass $73,000.

These insights align with experts like Bitwise’s Matt Hougan, who forecasts Bitcoin reaching $100,000 by year-end amid short-term challenges and promising long-term prospects.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.