Kraken Survey: 84% of Crypto Investors Driven by FOMO, 60% Concerned About Profits

A recent survey conducted by Kraken, involving 1,248 cryptocurrency holders, has revealed that 84% of investors make their investment decisions based on the fear of missing out (FOMO). The survey highlights a significant trend of emotional decision-making within the crypto market, where the fear of missing potential profits drives investment strategies. Additionally, 63% of respondents admitted that FOMO or fear, uncertainty, and doubt (FUD) negatively impacted their investment strategy. Notably, 60% of investors expressed concern about missing out on potential profits, showing how price surges drive fear-based decisions. This emotional response to market trends underscores the volatility and speculative nature of cryptocurrency investments. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io