There were two crypto assets that stood out this week. The entire market was painted green after Donald Trump’s victory. However, Bitcoin (BTC) and Dogecoin (DOGE) brought huge profits to investors.
While BTC hit an all-time high and is inching closer to the $100,000 mark, DOGE has been posting triple-digit gains. In this context, an analyst conducted a poll on X, asking investors which coin they would invest in. It seems that the majority of them are leaning towards the meme coin DOGE.
Bitcoin or Dogecoin?
Ali Martinez, a well-known cryptocurrency analyst, participated in X when both DOGE and BTC were rising. He asked his followers which cryptocurrency they would invest in if they only had $100. A $100 investment during the poll would yield 0.001124 BTC or 250 DOGE.
About 83% of nearly 4,000 people tend to buy Dogecoin. Only 17% want to buy the largest cryptocurrency in the world (BTC).
The analyst revealed the results and noted how Dogecoin has outperformed Bitcoin. Ali Martinez added:
"It seems that retail investors are leaning towards #Dogecoin more than #Bitcoin. With $BTC often seen as expensive, $DOGE is attracting attention as an affordable option with price growth potential, especially with backing from Elon Musk."
November Rise
In the past week, Bitcoin has increased by nearly 20%. At the time of the report, the king coin is trading at $90,334.77, after dropping 1% in the past week. It is worth noting that about two days ago, BTC reached an all-time high of $93,434 and is currently down 3% from that level.
As seen in the chart above, Dogecoin's trajectory has been much better. However, this meme coin has failed to advance to an all-time high. Dogecoin has increased by over 91% in the past seven days. At the time of writing, this asset is trading at $0.3766 after dropping 4.73% in the past 24 hours.
