“Influencer: Porsche is cool, but Tesla can fly” trended across the internet, and $DOGE , which is related to Musk, was dug up too.
For buzz to translate into a token price move, it has to pass through three stages:
① Discussion: Do people on the feed start talking about it?
② Trading: Does trading volume pick up too?
③ Sustained interest: Can the buzz last for more than 24 hours?
$DOGE is currently at 0.0801, down 1.91% over 24h. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it through the first, the buzz often blows over quickly.
When hype peaks, disagreement is often at its strongest.
For buzz to translate into a token price move, it has to pass through three stages:
① Discussion: Do people on the feed start talking about it?
② Trading: Does trading volume pick up too?
③ Sustained interest: Can the buzz last for more than 24 hours?
$DOGE is currently at 0.0801, down 1.91% over 24h. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it through the first, the buzz often blows over quickly.
When hype peaks, disagreement is often at its strongest.