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 readers on cryptocurrency investing: If you had $10,000 right now, would you put it on Bitcoin, Ethereum or Dogecoin?
- Bitcoin: 41.5%
- Ethereum: 27.8%
- Dogecoin: 30.7%
Apex cryptocurrency Bitcoin is trading lower by 17.19% at $17,315 over the past 5 days.
Second-largest market cap crypto Ethereum is meanwhile lower by 18.90% to $1,271 over the past 5 sessions.
Meme cryptocurrency Dogecoin was trading around $0.088 at the time of publication and is trading lower by roughly 23.31% over the trailing 5 sessions.
What's Happening With Crypto: Gains in Dogecoin on Thursday surpassed those in Bitcoin and Ethereum after cryptocurrencies staged a recovery following data that showed October inflation cooled down to 7.7%, below estimates of 8%.
Thursday's data indicates that steps taken by the U.S. Federal Reserve are having an impact on moderating price rises.
"This inflation report was a nice surprise. Inflation has been very slow to come down, but this report gives up hope that this deceleration with pricing pressures might bring back hopes of a soft landing," said Edward Moya, a senior market analyst with OANDA...Read More
This survey was conducted by Benzinga in November 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.
