By Tobi Loba
The Wall Street Journal, an American business-focused international daily newspaper based in New York City, has acknowledged that investors are now turning to altcoins such as VeChain (VET), DigiByte (DGB), and SafeMoon, in the hunt for cheaper alternatives that could be the next to experience a massive surge after Bitcoin (BTC) and Dogecoin (DOGE).
The mainstream newspaper published an article on 6th May 2021 titled “Dogecoin’s 12,000% Rally Spurs Hunt for Next Crypto Winner”, where it’s pointed out that Bitcoin (BTC) and Dogecoin (DOGE) are seemingly becoming out of reach for investors who are looking for cheaper alternatives.
Read Also: Dogecoin (DOGE) Displaces Tether to Reclaim Top 5 in Preparation for Elon Musk’s SNL Debut
The link to the article was shared via the official Twitter handle of WSJ Markets a couple of hours ago. In the tweet, a chart that illustrates the increase in investors’ interest in the three aforementioned altcoins was captioned.
Investors are turning their attention to newer digital assets such as DigiByte, VeChain and SafeMoon in the hunt for cheaper alternatives https://t.co/whzP3SniZN pic.twitter.com/47GL2aRxbs
— WSJ Markets (@WSJmarkets) May 6, 2021
The article reads in part as follows:
“After bitcoin and dogecoin’s blistering rally this year, individual investors are venturing further out into the cryptocurrency universe in search of the next big thing.
“A more than 12,000% rally this year in dogecoin, a cryptocurrency that was set up as a joke and serves no purpose, sent its price to a record 69 cents per token this week. Bitcoin climbed briefly to over $60,000 apiece last month, more than doubling its price since the end of 2020.
“That is prompting investors to turn their attention to newer digital assets such as DigiByte, VeChain and SafeMoon in the hunt for cheaper alternatives that could be the next to skyrocket.”
Read Also: Ethereum (ETH) Is Now Larger Than Nestle, Bank of America, Mastercard as the Surge Continues
As expected, the vast communities of members behind the three altcoins have seen this acknowledgment as a notable means to boost their popularity, considering the reputation of The Wall Street Journal.
Follow us on Twitter, Facebook, Telegram, and Download Our Android App