Bulls will be back

May 15, 20180

“Bulls will be back” Says Huobi Cryptocurrency Investor Sentiment Index for the month of April?

Huobi  Academy of Blockchain Applications has published the most  awaited” Cryptocurrency Investor Sentiment Index Report”  for the month of April which which comprehensively captures the market sentiment level prevailing in the cryptocurrency world

Huobi  Academy of Blockchain Applications is the research arm of Huobi  Global, a world-leading cryptocurrency financial services group in which includes Huobi  Pro ( one of the world’s most traded Exchange) and HADAX (World’s first autonomous token listing exchange). Every month Huobi  Academy of Blockchain Applications comes out with” Cryptocurrency Investor Sentiment Index”. What make this report different from others is that the sample sizes it select for the assessment which includes not only individuals from the crypto world but also from professional investment institutions.

Questionnaire Design and Data collection

Sample size

For the month of April, a total number of 1974 valid questionnaires were collected through various channels like WeChat, Weibo, E-mail, twitter, telegram etc. For the first time data from professional investment institutions were taken into account which gives the index more weightage and sets it apart from other reports in the market.

Scope

In order to capture to the prevailing sentiment in a comprehensive way, all the participants were given a set of three questions. The questionnaire was designed in such a way in order to capture the sentiment level for

  • Short term (next month)
  • Mid term ( half year)
  • Long Term (three years)

Each participant was the asked to assign score to the three questions in a range from 0 to 100 points. Out of 100 points, the higher the score, the more confident the investor is to the future market.

For e.g if the participant has assigned a score of 80 points and above to a question it means that he is optimistic about the market. A score of 50 – 75 shows is he neutral and any score he assigns from 50 to below shows he is having a negative outlook.

Once the respondent has provided the scores, all were tabulated and below given weightage was taken into consideration in order to arrive at the final conclusion (For more detailed analysis you can download the Cryptocurrency Investor Sentiment Index Report from the link – https://bit.ly/2rAKYo8 )

  • Short term index – 45%
  • Midterm Index – 35%
  • Long term Index – 20%

Analysis Short term

The question given for analyzing short term was “How do you expect the total cryptocurrency market cap to change in the next month”. To that, most the short-term market expectations were optimistic. Majority of voters believed that the total market value of cryptocurrency would substantially increase in the next month apart from less that 12% who still believe we are in a bearish phase will continue

Mid term

The question given for analyzing Midterm was “How do you expect the total cryptocurrency market cap to change in next half-year? ”. To that, up to 71.4% felt that the mid -term market expectations were optimistic. Majority of voters believed that the total market value of cryptocurrency would substantially increase in the next six months apart from less that 5.8 % who are still pessimistic about the market for the next half year.

Long term

The question given for analyzing long term was “How do you expect the total cryptocurrency market cap to change in next three year? ”. To that most investors have confidence in the growth of market value with just a handful (around 2.7%) still feeling negative about it

A Snap shot of article can be found at https://bit.ly/2G6KfQT

For more in-depth analyses and details of the study methodology, please refer to the Huobi Cryptocurrency Investor Sentiment Index Report – April, available for download for free https://bit.ly/2rAKYo8

 

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