“Guan Zeyuan and Bin discuss the new Worlds patch” is trending (No. 4), and $SAND from the blockchain gaming sector has been brought up again.
For a trending topic to affect the price, it has to pass through three stages:
① Discussion: Do people on the feed start talking about it?
② Volume: Does trading volume pick up as well?
③ Follow-through: Does the buzz last for a day or two?
The current price of $SAND is 0.06754, down 0.71% over 24h. It only counts as a genuine correlation if it passes all three stages. If it only gets as far as the first, the buzz often dies down quickly.
Whether the buzz lasts for two or three days matters far more than a momentary ranking.
#SAND
For record-keeping only; not trading advice.
For a trending topic to affect the price, it has to pass through three stages:
① Discussion: Do people on the feed start talking about it?
② Volume: Does trading volume pick up as well?
③ Follow-through: Does the buzz last for a day or two?
The current price of $SAND is 0.06754, down 0.71% over 24h. It only counts as a genuine correlation if it passes all three stages. If it only gets as far as the first, the buzz often dies down quickly.
Whether the buzz lasts for two or three days matters far more than a momentary ranking.
#SAND
For record-keeping only; not trading advice.