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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.<\/p>\n
This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency<\/a> trading and investing: Which will happen first, Ethereum<\/strong> (CRYPTO: ETH<\/a>) at $10,000 or Dogecoin<\/strong> (CRYPTO: DOGE<\/a>) at $1?<\/p>\n Here are the full results from this week\u2019s survey:<\/p>\n Ether has long been competing with Bitcoin<\/strong> (CRYPTO: BTC<\/a>) for the top spot as the largest cryptocurrency<\/a> by market capitalization since its release in 2015 and came close to overtaking Bitcoin in February 2018.<\/p>\n For the uninitiated, Bitcoin and Ethereum have completely different use cases. Bitcoin acts as a store of value, similarly to gold. Ether acts as a store of value too, although the Ethereum Virtual Machine also enables a host of innovative applications such as DeFi, NFTs<\/a> and the metaverse\u2026 Read More<\/a><\/em><\/p>\n Price Action: At press time, Ethereum is trading at $2,566.30, up over 4% in 24 hours. Ethereum is otherwise trading lower by 32.8% over the past month.<\/p>\n Dogecoin is trading flat at $0.142\u00a0Saturday. Dogecoin is lower by 17.6% over the past month, in sympathy with the broader crypto market.<\/p>\n As avid followers of Dogecoin are well aware, the Shiba Inu-themed coin wasn\u2019t without some\u00a0drama this past week. Fast-food chain McDonald\u2019s Corp.<\/strong> (NYSE:MCD<\/a>) said it will accept Tesla Inc.<\/strong> (NASDAQ:TSLA<\/a>) CEO Elon Musk\u2019s request to accept Dogecoin as a form of payment \u2014 but with a “condition.”\u2026 Read More<\/a><\/em><\/p>\n This survey was conducted by Benzinga in January 2022 and included the responses of a diverse population of adults 18 or older.<\/p>\n\n
Is Ethereum a Good Investment in 2022?<\/h2>\n