Which Will Happen First, Bitcoin At $100K Or Dogecoin At $0.50? 3 In 5 Say...

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.

This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Bitcoin BTC/USD at $100,000 or Dogecoin DOGE/USD at $0.50?

Here are the full results from this week’s survey:

• Bitcoin will reach $100,000 first: 37.9%
• Dogecoin will reach $0.50 first: 62.1%

Is Bitcoin at $100,000 Possible or Impossible?

As the price of Bitcoin fluctuates, many people wonder — will Bitcoin reach $100,000 in 2022?

Bitcoin is considered one of the most volatile assets to trade, making it incredibly hard to predict its future price. 

One way to examine if it is possible for Bitcoin to go to $100,000 is to take a look at the previous market cycles’ price actions… Read More

Price Action: Apex cryptocurrency Bitcoin is lower Wednesday morning by 2.80% at around $28,960. Bitcoin is higher by 27.00% over the past month.

Meanwhile, meme crypto Dogecoin is also lower by 4.12% at $0.0849 on Wednesday. Dogecoin is lower by 38.97% over the past month.

This survey was conducted by Benzinga in May 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.