© Reuters. If you had $1,000 right now, would you buy the dip in Dogecoin, Shiba Inu, Ethereum Classic, or Bitcoin Cash?
Every week, Benzinga conducts a survey to gather sentiment on what traders most care about or care about when managing and building their personal portfolios.
This week we asked over 1,000 Benzinga visitors the following question about altcoin investing: If you had $1,000 right now, would you buy the dip in (CRYPTO:DOGE), (CRYPTO:SHIB ), (CRYPTO: ETC) or (CRYPTO: BCH)?
- Dogecoins: 47.2%
- Shiba Inus: 25.9%
- Classic: 14.1%
- Cash: 12.8%
See also: Is the Shiba Inu a good investment?
Price action: Given that the price action of altcoins is often correlated to the price of Bitcoin (CRYPTO:BTC), it is not surprising that the broader altcoin market has recently sold off in sympathy with the crypto- apex currency.
The original meme cryptocurrency Dogecoin is 2.75% lower at $0.084 at press time.
The Ethereum blockchain-based Shiba Inu is also down sharply by 1.1% to $0.00001166 in the past 24 hours.
Bitcoin Cash, which was born after a disagreement over Bitcoin’s block size, is trading down 1.99% to around $191.86 in the past 24 hours.
Meanwhile, Ethereum Classic, the original version of the Ethereum blockchain, is down 2.50% at $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 or older.
Participation in the survey was entirely voluntary and no incentives were offered to potential respondents. The study reflects the results of more than 1,000 adults.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.