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HomeNewsShiba Inu Leads American Investor Preference Over Solana and Cardano: Survey Reveals

Shiba Inu Leads American Investor Preference Over Solana and Cardano: Survey Reveals

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  • U.S. investors are showing increasing interest in Shiba Inu, ranking it as the sixth most popular asset in their portfolios.
  • Despite recent declines, confidence in SHIB’s long-term potential remains strong, pointing to a value of $0.01.

In a recent survey conducted by ConsenSys, a renowned blockchain firm founded by Joseph Lubin, co-founder of Ethereum, revealed a growing interest of U.S. investors in the crypto sector.

Surprisingly, half of the 1,018 respondents claimed to have ever invested in cryptocurrencies, making it clear that this asset is no longer uncharted territory for many. But have you ever wondered which cryptoassets capture the most attention? According to the data, 31% acquired cryptocurrencies but decided to sell them, 20% still hold their assets, and the rest, 50%, have never invested in the sector.

SHIB: The favorite of Americans

Among the highlights, Shiba Inu (SHIB) is positioned as one of the most attractive assets, surpassing other major tokens such as SOL and ADA. Who would have guessed? This canine-themed token has not only garnered attention for its market value, but also for the confidence it has generated among U.S. investors, ranking as the sixth most popular asset, according to the report.

But what do investors really think about regulation in this sector? Most agree that there is a need for regulations governing cryptocurrencies, seeing them as a viable alternative to the traditional financial system. This perception underlines the importance of establishing a regulatory framework that can further boost the adoption of cryptoassets.

Optimism surrounds SHIB

Recently, Shiba Inu has been in the news not only for its market performance, but also for the hopes pinned on its future value. After experiencing an impressive 250% increase in just one week, trading as high as $0.000045, eyes are on its long-term potential.

Despite a recent drop, the faith in SHIB resuming its uptrend and reaching even higher prices remains intact .

Lucie, Shiba Inu’s marketing leader, is confident that the token could reach the coveted $0.01 in the long term, a milestone that would undoubtedly mark a before and after for SHIB and its investors .

At the time of writing, SHIB is trading at $0.0000318, experiencing a slight pullback of 5.2% in the last 24 hours.

SHIB_1M_graph_coinmarketcap
Source: Coinmarletcap

As ETHNews noted earlier, interest in cryptocurrencies continues to grow, and tokens like Shiba Inu are proving they have a lot to offer.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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