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Survey: American Investors Say They Invested More in Shiba Inu Than Solana and Cardano

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Survey: American Investors Say They Invested More in Shiba Inu Than Solana and Cardano

According to a survey conducted by ConsenSys, 17% of American crypto investors revealed that they once invested in Shiba Inu or currently hold the token.

Crypto investors have been showing significant interest in Shiba Inu (SHIB), the 10th biggest cryptocurrency by market capitalization. This was reflected in a recent survey conducted by ConsenSys, a private blockchain company launched by Ethereum co-founder Joseph Lubin.

American Investors’ Appetite for Cryptos

Notably, 1,018 respondents residing in the United States participated in the survey. Data suggests that 50% of the respondents claimed they had invested in crypto at some point, while the remaining 50% said they had never been involved with the emerging asset class.

Specifically, 31% of the respondents said they purchased cryptocurrencies earlier but sold them eventually, 20% claim they still hold the assets, while 50% said they have never invested in cryptos.

Shiba Inu Spotted in Americans’ Portfolios, Outperforms SOL and ADA

It is interesting to note that American investors who had exposure to crypto assets listed Shiba Inu among the tokens they bought in the past or currently own.

Per the data, Shiba Inu was the sixth asset in the list, with 17% of American crypto investors revealing that they invested in the canine-themed token.

Shiba Inu ranks ahead of other top crypto assets in the list. The tokens behind Shiba Inu include USDT, UST, SOL, ADA, DOT, ENS, DAI, and others.

However, the top five cryptos in the list are BTC, ETH, DOGE, BNB, and USDC. The weighted averages of investors who diverted their funds to these assets were 58%, 37%, 26%, 22%, and 18%, respectively.

Survey: American Investors Say They Invested More in Shiba Inu Than Solana and Cardano
American investors portfolio

Aside from disclosing their crypto portfolios, the majority of the respondents acknowledged that the industry needs to be regulated. They primarily refer to crypto as an alternative to the traditional financial ecosystem, hence the need for appropriate regulation.

Shiba Inu Team Member Sees SHIB Hitting $0.01

Meanwhile, Shiba Inu has been trending for the right reasons in recent times. The token’s price recently spiked by over 250% in one week to around $0.000045.

Although Shiba Inu has lost some of the gains it recorded last week, proponents are still confident that the token will resume its uptrend soon and possibly surpass investors’ expectations.

As reported earlier, Shiba Inu marketing lead Lucie expressed conviction that the token could hit the coveted price of $0.01 in the long term. In the hours leading up to press time, SHIB was trading at $0.00003254, down 5.2% over the past day.