“Chinese Super League Round 27 Recap” hit the trending charts across the web, and $CHZ in the football sector was dug up too.
For buzz to affect the price, it has to pass through three stages:
① Discussion: Will people start talking about it?
② Trading: Can trading volume increase noticeably?
③ Follow-through: Can the topic stay alive for 24 hours?
$CHZ is currently at 0.01582, up 2.06% over 24h. It only counts as a real correlation if it passes all three stages. If it only reaches the first, the excitement will probably fade quickly.
Watching whether the buzz lasts two or three days is far more useful than a brief spike in the rankings.
#CHZ
For buzz to affect the price, it has to pass through three stages:
① Discussion: Will people start talking about it?
② Trading: Can trading volume increase noticeably?
③ Follow-through: Can the topic stay alive for 24 hours?
$CHZ is currently at 0.01582, up 2.06% over 24h. It only counts as a real correlation if it passes all three stages. If it only reaches the first, the excitement will probably fade quickly.
Watching whether the buzz lasts two or three days is far more useful than a brief spike in the rankings.
#CHZ