Originally published on: December 05, 2024
The recent surge in the cryptocurrency market has left many investors with a sense of FOMO (fear of missing out) when it comes to potential gains from digital assets. According to a survey conducted by Kraken, a popular crypto exchange, a whopping 88% of participants feel they have missed out on major opportunities.
Released on Dec. 4, the Kraken Crypto FOMO Survey 2024 focused on the emotions of FOMO and fear, uncertainty, and doubt (FUD) among crypto holders in the US. With insights from 1,248 respondents, the survey shed light on how emotions can impact investment decisions.
The bullish rally led by Bitcoin, reaching the historic $100,000 mark on Dec. 5, may have fueled these sentiments. Bitcoin has seen a 126% surge since the beginning of the year, contributing to the overall market excitement. Additionally, altcoins like XRP have made significant moves, overtaking major players in the market.
While many survey participants may feel like they missed the boat, a large majority (84%) are still optimistic about future gains in the crypto space. However, concerns about sudden price surges and emotional decision-making habits remain prevalent among investors.
Kraken emphasized the importance of taking a methodical approach to crypto investments, incorporating technical analysis and strategic planning to navigate market volatility. By subscribing to the Markets Outlook newsletter, investors can stay informed about critical insights to spot opportunities, manage risks, and refine their trading strategies for success.
