Crypto Investors Remain Bullish Despite Market Downturn

IconCryptoNewsTerminal Staff10 Jul, 2024

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Crypto Investors Remain Bullish Despite Market Downturn

Despite the recent bearish sentiment in the crypto market, a survey conducted by CoinGecko reveals that a significant portion of crypto investors remain optimistic. According to the survey, nearly half of the respondents believe that the current market is still in a bull run or a mild bull run. The survey, which polled over 2,500 crypto investors, indicated that 23.2% of respondents believe the market is in a bull run, while 26.1% believe it is in a mild bull run. Notably, 25.5% of respondents expressed neutrality, indicating the uncertainty prevalent in the market. CoinGecko attributes the high percentage of investors maintaining a neutral stance to the current volatility and uncertainty surrounding cryptocurrencies. Despite the recent market decline, it is evident that a substantial number of investors remain optimistic about the long-term prospects of cryptocurrencies.

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