“Musk’s livestream was interrupted by his daughter, forcing him to log off in a hurry” became a top trending topic across the internet, and $DOGE , which is associated with Musk, was mentioned too.
For a hot topic to affect a coin’s price, it has to pass through three stages:
① Discussion: Does the community start talking about it?
② Trading: Does trading volume increase as well?
③ Staying power: Does the conversation continue for 24 hours?
$DOGE is currently priced at 0.08507, down 2.33% over 24 hours. It only counts as a genuine correlation if it passes all three stages. If it only makes it through the first, the buzz will probably die down quickly.
Whether the buzz lasts two or three days matters more than a brief spike in attention.
For a hot topic to affect a coin’s price, it has to pass through three stages:
① Discussion: Does the community start talking about it?
② Trading: Does trading volume increase as well?
③ Staying power: Does the conversation continue for 24 hours?
$DOGE is currently priced at 0.08507, down 2.33% over 24 hours. It only counts as a genuine correlation if it passes all three stages. If it only makes it through the first, the buzz will probably die down quickly.
Whether the buzz lasts two or three days matters more than a brief spike in attention.