“What’s the point of Tesla’s ‘bouncing car’?” has been trending across the internet, and $DOGE , which is associated with Musk, has also been mentioned.
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 Follow-through: Can the buzz last for a day or two?
$DOGE is currently priced at 0.08068, down 1.79% over 24 hours. Only if it passes all three stages does the buzz translate into a real impact. If it only makes it to the first stage, it’ll probably be a brief flurry of excitement before fading away.
There’s a big difference between buzz that’s just getting started and buzz that’s already overheated.
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 Follow-through: Can the buzz last for a day or two?
$DOGE is currently priced at 0.08068, down 1.79% over 24 hours. Only if it passes all three stages does the buzz translate into a real impact. If it only makes it to the first stage, it’ll probably be a brief flurry of excitement before fading away.
There’s a big difference between buzz that’s just getting started and buzz that’s already overheated.