Huobi Pro is one of the biggest cryptocurrency exchanges in the world, featuring among top 3 in daily exchange volume across 103 markets. Huobi Pro’s division, Huobi Pro Academy of Blockchain carries out a monthly cryptocurrency assessment, inquiring the opinion of cryptocurrency investors across the space. Carried out monthly, the Huobi Cryptocurrency Investor Investment Sentiment Index Report reveals a great deal about the leaning of investors about the general direction of overall cryptocurrency prospects. About 2,000 questionnaires were issued to users online across diverse geographical distribution (23 countries in total), the results have been compiled into the just released April issue of the Index Report. The exercise was carried out between April 25 to April 30, allowing us to be aware of the context in which feedback was received. Around this time markets were experiencing a slight upturn after the bear trend that culminated with the timing of the tax season.
April’s questionnaire had 3 questions structured on investors opinion on future prospects of cryptocurrency. The overall market sentiment is established from analyzing the data collected from the aforementioned questions, given in a figure referred to as the overall market sentiment index figure. A link to the Huobi blog on investment sentiment report can be found here https://blog.huobi.pro/hc/en-us/articles/360000058621--April-The-composite-investor-sentiment-index-in-April-increased-17-0-
Cryptocurrency marketcap change in the next one month
Rising from 24% in the previous month, 50.4% of the respondents were confident in the overall market cap increasing in the next monght. About 11% of voters felt there was no upturn in fortunes yet.
Historically, May has been a positive month for cryptocurrency, with markets rebounding after the slump at the beginning of the year. Consensus, held on May 14–16, ...