“VIT beats G2 at the VCT Championship” trended (No. 4), and $SAND from the GameFi sector was also brought up.
For a hot topic to feed through to prices, it has to pass three stages:
① Discussion: Will the community join in?
② Volume: Will trading volume increase noticeably?
③ Follow-through: Can the topic stay relevant for more than 24 hours?
$SAND is currently at 0.06701, down 2.15% over 24h. Only when all three stages are passed can it be considered a genuine correlation. If it only makes it through the first stage, the buzz often fades quickly.
Attention is a leading indicator; capital is what confirms it.
#SAND
Markets involve risk. Trade with caution.
For a hot topic to feed through to prices, it has to pass three stages:
① Discussion: Will the community join in?
② Volume: Will trading volume increase noticeably?
③ Follow-through: Can the topic stay relevant for more than 24 hours?
$SAND is currently at 0.06701, down 2.15% over 24h. Only when all three stages are passed can it be considered a genuine correlation. If it only makes it through the first stage, the buzz often fades quickly.
Attention is a leading indicator; capital is what confirms it.
#SAND
Markets involve risk. Trade with caution.