Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
This week, we posed the following question to over 1,000 Benzinga visitors on altcoin investing: If you had $1,000 right now, would you buy the dip in Dogecoin DOGE/USD, Shiba Inu SHIB/USD, Ethereum Classic ETC/USD or Bitcoin Cash BCH/USD?
- Dogecoin: 40.1%
- Shiba Inu: 30.6%
- Ethereum Classic: 15.5%
- Bitcoin Cash: 13.8%
See Also: Is Shiba Inu A Good Investment?
Price Action: Given the price action of altcoins is often correlated to the price of Bitcoin BTC/USD, it’s no surprise the broader altcoin market has been selling off of late in sympathy with the apex-cryptocurrency.
Original meme cryptocurrency Dogecoin is lower by 2.66% at $0.064 at the time of publication.
Ethereum-blockchain-based Shiba Inu is also sharply lower by 3.22% at $0.00000856 over the past 24 hours.
Bitcoin Cash, which came about after a disagreement arose about Bitcoin’s block size, is trading lower by 1.01% at around $149.45 over the past 24 hours.
Meanwhile, Ethereum Classic, the original version of the Ethereum blockchain, is down by 2.10% at $16.93.
See Also: Ethereum Vs. Ethereum Classic
This survey was conducted by Benzinga in June 2022 and included the responses of a diverse population of adults 18 or older.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.