Nearly 33% Users Wait for Crypto Plunge: Twitter Poll
2022.04.14 10:32
Nearly 33% Users Wait for Crypto Plunge: Twitter Poll
- The global crypto market had been down for the past few days.
- A Twitter (NYSE:TWTR) poll shows the majority of crypto users want the price to be further lower.
- This is because the users find this the right time to buy more cryptos.
The global crypto market trend has been sailing through ups and downs, with slight relaxation for some coins in the past day. Although some coins signaled red, some crypto users do not intend to buy them now.
A Twitter poll by Lark Davis, a financial educator, shows that nearly 33.3% of the majority of crypto HODLers are waiting for the market to be down again. By this, they look forward to buying the cryptos at a low rate.
Are you buying #crypto today?
— Lark Davis (@TheCryptoLark) April 12, 2022
In detail, around 28% of crypto users are tempted to buy a few cryptocurrencies, whereas 20.4% wish to buy a lot of them. This Twitter poll was conducted over the past two days when the global crypto market was down with a significant drop in the price of coins such as BTC, ETH, ADA, XRP, SOL, etc.
BTC/USDT 1 day chart (source: TradingView)
However, in contrast, some of these coins have waved a green flag, as of yesterday. While analyzing crypto prices today, coins, such as BTC (0.09%), XRP (0.62%), AVAX (0.52%), DOGE (0.36%), and SHIB (0.07% ), have seen some spikes in the past one hour.
Notably, Shiba Inu has been on the trend-line, despite the market being down earlier. It was surging around a 22% hike in the past day, especially, due to its listing on the Robinhood (NASDAQ:HOOD) financial exchange.
Since January 2022, the global market has been following slight trend-line support, with the BTC rate inconsistently moving forward. The latest crypto plunge affected this trend, and analysts expect further surges in the future. Particularly, this surge could happen, when the coins are praised by business magnates.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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