Huobi reported the Hodlers' sentiment index

The Huobi cryptocurrency exchange has published a cryptocurrency sentiment index, which was derived from a survey of almost two thousand respondents from different parts of the world. Investors' short-term market expectations are not positive, but overall sentiment is optimistic. Investors are more confident about the medium and long term prospects.

The questionnaires were distributed via the Internet and the survey was conducted anonymously. The sentiment index was measured in points on a scale from 0 to 100, where 50 points meant that the market capitalization remained at the same level.

The study showed that of those surveyed, almost 72% are confident in the growth of cryptocurrency capitalization. In the short term, capitalization growth is expected to exceed 61%. Almost 77% voted for the medium term, and 87.5% of respondents were committed to the long term.

The Huobi report also notes that 77.9% of investors believe that cryptocurrency growth will be more than 30% in the next three years. Even after the “Crypto Winter” of 2018,  more than half of those surveyed believe that the overall market value of digital currencies will rise in May.

Optimistic sentiment continues for May forecasts. 55.6% of respondents are confident in increasing capitalization. Of these, the highest percentage of voters, 29.6%, support a small increase in capitalization. A quarter of those surveyed believe that capitalization will decrease in April.

Assessing the situation for the next three months, only one in five respondents admitted to pessimism. Four out of five are excited and hopeful about the prospects for the summer months.