Will You Invest In Ether, Dogecoin Or Other Cryptos?

Ethereum Every week, Benzinga Academy conducts a survey to collect sentiment on what traders are most excited about, interested in, or thin...

Ethereum

Every week, Benzinga Academy 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. If you had $5,000 to invest, would you put it on Solana, Ethereum (CRYPTO: ETH), or Dogecoin (CRYPTO: DOGE) right now?

• Solana: 21.7%
• Ethereum: 42.8%
• Dogecoin: 35.5%

Ethereum was trading around $3,420 at press time. Ethereum is trading lower over the past week by 12.2% and higher over the past month by 45.3%. Meanwhile, Dogecoin is trading around $0.244. The joke cryptocurrency’s price action continues to turn heads and churn stomachs in 2021.

On September 2 the Shibu-Inu themed alt-coin broke up from a descending trendline that had been holding it down since its Aug. 16 high of 35 cents and soared up almost 10% higher. Technically speaking the break of the trend should have carried the crypto higher.

Lastly, Solana has skyrocketed from $43.59 to $177.80, translating to a 307.8% return.

Like Ethereum, Solana uses smart contracts to host decentralized applications (dApps). However, Solana’s unique parameters allow for significantly cheaper transaction costs while simultaneously increasing the speed of the network.