The cryptocurrency market did not experience a good 2018 in terms of price performance. However, it seems that investors are bullish about the future of the space. The AltcoinAnalytics crypto sentiment indicator shows that there is a growing number of investors bullish about the future of the digital currency market.
Investors Share Positive Views About Cryptocurrencies
AltcoinAnalytics performed a survey against crypto investors in the space. According to the results, around 60% of the respondents believe that the crypto market capitalization will be higher in just a month. At the same time, close to 15% of the individuals answering the survey said that Bitcoin (BTC) is going to be traded under $1,000 in 6 months.
AltcoinAnalytics provided an even more detailed graphic about the answers registered each week. In the boxplot, it is possible to see how respondents are more positives about the crypto market growing as week pass.
The information provided by this company should be taken into account at the time of planning an investment. However, it is important to be sure that these results do not mean that the market is going to grow in the future. It just shows that investors are becoming more positive about the future performance of the market as time passes.
Interested users can participate from this poll just by starting a chat with the dedicated Telegram chatbot. The name of the chatbot is Crypto_sentiment_bot. With just a few clicks it is possible to participate from this poll.
There are some analysts that believe that the crypto market could be close to a bottom. For example, Mati Greenspan, a senior market analyst at eToro, mentioned that we are much closer to the bottom than we are to the top.
Greenspan was quoted by Bloomberg as saying:
“Usually, the best thing to do is to buy low and sell high. So if we are going by technical analysis we can very easily see on the chart that we are much closer to the bottom than we are to the top.”
He went on explaining that the industry is growing at a very rapid pace and that there are several companies getting involved in Bitcoin and blockchain tech. According to him, this means that there are more people entering the market and being more involved in the space.
