Encryption AI Market Sentiment Survey: Community Division is Obvious, Early Users Have the Highest Bullish Sentiment

Original author: Yuqian Lim, CoinGecko

Compiled by: Zen,

The combination of cryptocurrency and AI is seen as an important direction for driving innovation in the industry. However, against the backdrop of a prolonged market downturn and a cooling enthusiasm for AI, market sentiment is showing a clear divergence.

According to a recent CoinGecko survey of 2,632 crypto market participants, nearly half of respondents are bullish on crypto AI products and token prices in 2025, while about a quarter are bearish.

Nearly 30% of respondents are in a wait-and-see attitude, 1/4 are firmly bullish

In a recent survey conducted by CoinGecko, 46.9% of cryptocurrency users expressed a bullish attitude towards crypto AI products in 2025. Among them, 19.9% of respondents indicated they were "somewhat bullish," while 27.0% stated they were "completely bullish." As the application scenarios combining cryptocurrency and AI continue to improve and gain wider adoption, market sentiment has shown some signs of recovery.

At the same time, 24.1% of crypto users hold a "somewhat bearish" or "completely bearish" attitude towards crypto AI products in 2025. In other words, about 1/4 of respondents remain cautious or skeptical about crypto AI technology and its application prospects, at least in the short term.

The attitude of the crypto community towards the price of crypto AI tokens is also similar. 44.3% of respondents are bullish, while 26.4% are bearish. This may indicate that the market has not clearly distinguished the investment value, trading potential, and technological development status of crypto AI. This market sentiment reflects the expectation that crypto AI should move from the conceptual stage to maturity.

Nearly 1/3 of respondents hold a neutral view on the prices of crypto AI products and tokens in 2025, accounting for 29.0% and 29.3%, respectively. In fact, among all options, "neutral" was the most chosen by respondents, while the proportions for "bearish", "somewhat bearish", "somewhat bullish", and "bullish" were relatively low. This indicates that a considerable portion of respondents have not yet formed a clear opinion on the crypto AI narrative or are still in a wait-and-see mode.

The bullish ratio of early innovation and adopter groups is only 45%-52%

Among the self-proclaimed "innovators" promoting crypto AI applications, 46.8% of respondents have a bullish attitude towards crypto AI products, while 28.9% have a bearish attitude. Similarly, only 44.8% of "innovators" are bullish on crypto AI token prices, while 30.0% are bearish.

"Innovators" are typically the first group to pay attention to the crypto AI narrative; however, in this survey, their bullish ratio in the field is relatively low, while the bearish ratio is relatively high, indicating that even early adopters maintain a cautious attitude towards the prospects of crypto AI.

In contrast, the emotional distribution among the "early adopters," "early majority," "late majority," and "laggards" groups aligns more closely with market expectations. Among them, the "early adopters" and "early majority" have the highest bullish sentiment towards crypto AI products and token prices, while having the lowest bearish sentiment.

The "late mass" group is the most conservative about crypto AI products, with only 33.9% having a positive attitude. The "laggards" group is the most pessimistic group overall, with 41.3% bearish on crypto AI products and 43.1% bearish on token prices. Notably, the "laggards" have the lowest percentage of neutral attitudes, suggesting that despite their late focus on crypto AI, they have the strongest views.

Research Method

This survey compiled and analyzed the responses of 2,632 cryptocurrency market participants in the CoinGecko anonymous crypto x AI survey, conducted from February 20 to March 10, 2025. The results are for reference only.

Among the respondents:

• 51% consider themselves long-term holders in cryptocurrency investments;
• 26% consider themselves primarily short-term traders in cryptocurrency;
• 10% consider themselves builders in the field of crypto AI;
• 13% consider themselves to be passive observers.

Regarding the respondents' cryptocurrency experience:

• 53% are in the first crypto cycle (0-3 years in the industry);
• 34% are in the second crypto cycle (4-7 years in the industry);
• The remaining respondents are seasoned investors (with 8 years or more of experience).

In terms of geographical distribution, 93% of respondents are from Europe, Asia, North America, and Africa, while the remaining respondents are from Oceania or South America.

Note: This research is for reference only and does not constitute financial advice. Please make sure to conduct thorough research and make cautious decisions before investing in any cryptocurrency or financial assets.