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