Search volume has risen for two days straight, so why is $DOT ’s on-chain data going nowhere?
According to Plaza data, search volume for $DOT continued yesterday’s unusual surge, and interest remains high today. But I’ve searched all over the internet and can’t find a single new story that would explain this buzz.
We’re betting on an ecosystem recovery. Some people think it’s enough for capital to rotate in—who needs fundamentals? But I believe that buzz without supporting on-chain application data is just the same old wine in a new bottle.
From here on, don’t fixate on the search rankings. Pay more attention to whether the number of active addresses on parachains is increasing, or whether real developers are submitting code. Without that kind of support, the buzz could die down at any moment.
Don’t blindly set sail on a windless lake. Once this wave of capital pulls out, all that will be left on the candlestick chart is a cold, long upper wick.
#DOT $DOT
According to Plaza data, search volume for $DOT continued yesterday’s unusual surge, and interest remains high today. But I’ve searched all over the internet and can’t find a single new story that would explain this buzz.
We’re betting on an ecosystem recovery. Some people think it’s enough for capital to rotate in—who needs fundamentals? But I believe that buzz without supporting on-chain application data is just the same old wine in a new bottle.
From here on, don’t fixate on the search rankings. Pay more attention to whether the number of active addresses on parachains is increasing, or whether real developers are submitting code. Without that kind of support, the buzz could die down at any moment.
Don’t blindly set sail on a windless lake. Once this wave of capital pulls out, all that will be left on the candlestick chart is a cold, long upper wick.
#DOT $DOT