DOGE leads, did the others follow?
U.S. stocks have become the focus today—here are my thoughts.
Leaders: DOGE 0.0934 (+9.71%), SHIB 5.71e-06 (+6.53%)
Smaller coins: PEPE 4.22e-06 (+6.57%), WIF 0.2158 (+9.60%)
Recently, there haven’t been many meme targets seeing independent volume expansion, which suggests that money is taking a wait-and-see stance on meme overall.
The recent correlation between the meme sector and BTC is around 0.6, about the same as at the beginning of July.
Until BTC holds above key levels, any “right-side” signals for memes don’t really count.
Do you think this time it can get through?
#meme #sentiment
For personal observation only and does not constitute investment advice.
U.S. stocks have become the focus today—here are my thoughts.
Leaders: DOGE 0.0934 (+9.71%), SHIB 5.71e-06 (+6.53%)
Smaller coins: PEPE 4.22e-06 (+6.57%), WIF 0.2158 (+9.60%)
Recently, there haven’t been many meme targets seeing independent volume expansion, which suggests that money is taking a wait-and-see stance on meme overall.
The recent correlation between the meme sector and BTC is around 0.6, about the same as at the beginning of July.
Until BTC holds above key levels, any “right-side” signals for memes don’t really count.
Do you think this time it can get through?
#meme #sentiment
For personal observation only and does not constitute investment advice.