“Linz 3–6 Liverpool” trended, and $CHZ in the soccer sector was mentioned too.
For a hot topic to affect prices, it has to pass three hurdles:
① Discussion: will people on the plaza join in?
② Volume: has trading volume increased?
③ Persistence: can the topic last for 24 hours?
$CHZ is currently at 0.0142, down 3.2% over 24h. Only when it clears all three hurdles can the impact be considered effective. If it only makes it past the first, the buzz will probably die down quickly.
By the time everyone is talking about it, the price has often already made a move.
#CHZ
For a hot topic to affect prices, it has to pass three hurdles:
① Discussion: will people on the plaza join in?
② Volume: has trading volume increased?
③ Persistence: can the topic last for 24 hours?
$CHZ is currently at 0.0142, down 3.2% over 24h. Only when it clears all three hurdles can the impact be considered effective. If it only makes it past the first, the buzz will probably die down quickly.
By the time everyone is talking about it, the price has often already made a move.
#CHZ