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 (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), Ethereum Classic (CRYPTO: ETC) or Bitcoin Cash (CRYPTO: BCH)?
- Dogecoin: 40.6%
- Shiba Inu: 35.9%
- Ethereum Classic: 11.1%
- Bitcoin Cash: 12.4%
See Also: Is Shiba Inu A Good Investment?
Price Action: Given the price action of altcoins is often correlated to the price of Bitcoin (CRYPTO: BTC), it’s no surprise the broader altcoin market has been selling off this past week in sympathy with the apex-cryptocurrency.
Original meme cryptocurrency Dogecoin is lower by 7.75% at $0.132 at the time of publication.
Ethereum-blockchain based Shiba Inu is also