Shiba Inu Trumps Solana & Cardano Amidst Americans: Survey

Shiba Inu (SHIB) never fails to take center stage. After a recent surge that propelled SHIB to reclaim $0.000045, the token has surged ahead of Bitcoin (BTC) and numerous assets in the top 100 list by a significant margin, reigniting discussions about its potential upward trajectory. At press time, SHIB was trading at $0.00003316 following a 1.84% daily surge.

A recent survey conducted by ConsenSys sheds light on the investment preferences of American cryptocurrency enthusiasts. Among the 1,018 respondents residing in the United States, a notable revelation emerged: 17% of them disclosed that they have either previously invested in Shiba Inu or currently hold the token in their portfolios.

Investment Trends Among American Crypto Enthusiasts

The survey delved deeper into the participation of American investors in the cryptocurrency market. Interestingly, half of the respondents acknowledged their involvement in crypto investments at some point, while the remaining half admitted to abstaining from the emerging asset class.

Of those who had engaged in cryptocurrencies, 31% indicated that they had bought digital assets in the past but subsequently sold them off. Another 20% confirmed that they still retain their crypto holdings, indicating a sustained interest in the market. Meanwhile, the remaining 50% stated that they had never ventured into crypto investments.

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Shiba Inu Emerges as a Prominent Choice Among American Investors

Perhaps the most striking finding of the survey is the significant presence of Shiba Inu in the investment portfolios of American crypto enthusiasts. Despite the plethora of cryptocurrency options available, Shiba Inu secured the sixth position among the assets that American investors had invested in or currently hold.

Specifically, 17% of American respondents disclosed their involvement with Shiba Inu, placing it ahead of esteemed projects like Solana (SOL) and Cardano (ADA).

A Closer Examination of the Crypto Landscape

Further scrutiny of the survey data reveals the ranking of various cryptocurrencies in American investors’ portfolios. While Shiba Inu holds a notable position, it is outpaced by stalwarts such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), and USD Coin (USDC).

The weighted averages of investors’ allocations to these top-ranking assets were as follows: 58% for BTC, 37% for ETH, 26% for DOGE, 22% for BNB, and 18% for USDC.

In conclusion, the survey findings underscore the growing allure of Shiba Inu among American investors, positioning it as a formidable player in the fiercely competitive cryptocurrency landscape. As discussions surrounding SHIB’s potential continue to gain momentum, its trajectory in the coming days remains a subject of keen interest.

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