Last week, two cryptocurrency assets stood out. After Donald Trump's victory, the entire market was in the green. However, Bitcoin (BTC) and Dogecoin (DOGE) brought huge gains to investors. While BTC hit a new all-time high and approached the $100,000 mark, Dogecoin recorded triple-digit gains. During this period, an analyst investigated X, asking investors which token they would invest in. It seems that most of them leaned towards MEME tokens.
Bitcoin or Dogecoin?
Renowned cryptocurrency analyst Ali Martinez focused on X as both DOGE and BTC were rising. He asked fans that if they had only $100, which cryptocurrency they would invest in. During the survey, $100 could be exchanged for 0.001124 BTC or 250 DOGE.
Among nearly 4,000 people, about 83% preferred to buy Dogecoin. Only 17% wanted to buy the world's largest cryptocurrency.
The analyst released the results and pointed out that Dogecoin has surpassed Bitcoin. Ali Martinez further stated,
"It seems that retail investors are more inclined towards #Dogecoin than #Bitcoin. As $BTC is often seen as expensive, $DOGE as an affordable option with profit potential has attracted interest, especially with Elon Musk's support."
November Gains
Over the past week, Bitcoin has soared nearly 20%. As of the time of writing, the king coin's trading price is $90,334.77, down 1% over the past week. Notably, about two days ago, BTC hit a new all-time high of $93,434, currently 3% below that level.
As shown in the image above, Dogecoin's performance has been much better. However, this MEME coin has not been able to set a new all-time high. Dogecoin has risen over 91% in the past seven days. As of the time of writing, the asset is trading at $0.3766, down 4.73% in the last 24 hours.
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