Two cryptocurrency assets stood out this week. After Donald Trump’s victory, the entire market was painted green. However, Bitcoin (BTC) and Dogecoin (DOGE) have brought significant gains to investors. As BTC hit an all-time high and approached the $100,000 mark, DOGE saw a triple-digit surge. In the midst of this, an analyst polled X, asking investors which coin they would invest in. It seems that the majority of them were leaning towards the room itself.
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Bitcoin or Dogecoin?
Ali Martinez, a prominent cryptocurrency analyst, turned to X as DOGE and BTC were rising. He asked his followers which cryptocurrency they would invest in if they only had $100 with them. An amount of $100 at the time of the survey would have yielded either 0.001124 BTC or 250 DOGE.
Around 83% of them were inclined to buy Dogecoin. Only 17% wanted to buy the world’s largest cryptocurrency.
https://twitter.com/ali_charts/status/1856218204420427989
The analyst revealed the results and noted how Dogecoin had overtaken Bitcoin. Ali Martinez further said,
“It appears that retail investors are turning to #Dogecoin rather than #Bitcoin. With $BTC often considered expensive, $DOGE is attracting interest as an affordable option with earning potential, especially with the support of Elon Musk.
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November earnings
Over the past week, Bitcoin has surged almost 20%. At press time, the royal coin was trading at $90,334.77, following a 1% decline over the past week. It is worth noting that about two days ago, BTC hit an all-time high of $93,434 and is currently 3% below that mark.
As the chart above shows, Dogecoin’s trajectory has been much better. Yet, the meme coin failed to reach its all-time high. Dogecoin is up over 91% over the past seven days. At press time, the asset was trading at $0.3766 after a 4.73% decline over the past 24 hours.
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