If you had $1,000 right now, would you buy the dip in Dogecoin, Shiba Inu, Ethereum Classic or Bitcoin Cash?


Each week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about when managing and building their personal portfolios.

This week we asked more than 1,000 Benzinga visitors about altcoin investments: If you had $1,000 right now, would you like to see the dip in Dogecoin DOGE/USD, Shiba Inu SHIB/USD, Ethereum Classic ETC/USD or Buy Bitcoin Cash BCH /US DOLLAR?

Dogecoin: 47.2% Shiba Inu: 25.9% Ethereum Classic: 14.1% Bitcoin Cash: 12.8%

See also: Is Shiba Inu a good investment?

Price Action: Since the price action of altcoins is often correlated with the price of Bitcoin BTC/USD, it is no surprise that the broader altcoin market has been selling out lately in sympathy with the apex cryptocurrency.

Original meme cryptocurrency Dogecoin is down 2.75% at $0.084 at the time of publication.

Ethereum blockchain-based Shiba Inu has also fallen sharply by 1.1% in the past 24 hours at $0.00001166.

Bitcoin Cash, which came about after a dispute over Bitcoin’s block size, was trading 1.99% lower in the past 24 hours at around $191.86.
Meanwhile, Ethereum Classic, the original version of the Ethereum blockchain, is down 2.50% to $20.24.

See also: Ethereum vs. Ethereum Classic

This survey was conducted by Benzinga in May 2022 and included responses from a diverse population of adults aged 18 years or older.

Participation in the survey was completely voluntary, no incentives were offered to potential respondents. The study mirrors the results of more than 1,000 adults.


This post If you had $1,000 right now, would you buy the dip in Dogecoin, Shiba Inu, Ethereum Classic or Bitcoin Cash? was original published at “https://www.benzinga.com/markets/cryptocurrency/22/01/25174775/if-you-had-1-000-right-now-would-you-buy-the-dip-in-dogecoin-shiba-inu-ethereum-classic-or”

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