After comprehensive research conducted by the Coin68 and Kyros Ventures Team, the Vietnam Cryptocurrency Report H1 2021 is now published.
The team has collected a lot of interesting information and would like to share it with all of you in this report. Before going into the finer details, let’s take a look at some of the key points in the report!
Opinions on Vietnam market
Vietnam is on its way to becoming one of the biggest crypto markets in the world with favorable economics and environments, outstanding developers, and great innovators in technology.
Vietnam investors
The cryptocurrency market went through a major bull run in early 2021, bringing waves of newcomers into the market. Nearly 40% of survey respondents said that they have just entered the market in 2021. Yet this group of people expect very high returns from crypto, mostly to double/triple their initial investments or even higher.
Trading behavior
Long-term trading or “HODL” has become more and more popular among the Vietnamese crypto investor communities over time.
The Vietnam Cryptocurrency Market Report 2020 showed that HODLing was the least chosen trading style, accounting for only 25%. The majority was for the short-term or mid-term. The latest data, however, shows that 50% of respondents are long-term investors.
Download the full report on the banner link below.
Perspective on Bitcoin
This is probably the part that many people are looking forward to. At the time of writing, Bitcoin keeps moving sideways around the 30,000 USD area. Many investors fear that the market will fall into a long-term downtrend.
According to the report, the majority of respondents have had a positive view towards the Bitcoin price especially in the long term. Some even expect that the Bitcoin price would surpass 100,000 USD in the near future.
Future market trends
Most investors expect the Altcoins season would arrive in H2 2021.
The most promising trends voted by our community are Blockchain platforms, Ethereum and Layer 2, NFT and Blockchain games. Blockchain platform coins are expected to bring high profits to investors in H2 2021.
Perspectives on NFTs
NFTs, especially the blockchain gaming segment, are flourishing in just a short period of time. The survey demonstrates that more than half of the respondents are hesitant about participating in the NFT market because they don’t understand the value of NFT or how it works and the initial investment is just high. However, when being asked which segment of NFT to invest in, the majority chose Blockchain games.
Blockchain gaming platform tokens are also the most bullish NFT tokens in the report.
This is just an overview of the report, there are still many other interesting insights waiting for you to discover. Download the “Vietnam Cryptocurrency Market Report H1.2021” now for more high quality information!
Kyros Ventures Team