“Can a ‘flying’ Tesla actually become a reality?” trended across the web (No. 9 on the trending list), and $DOGE , which is associated with Musk, was dug up along with it.
For buzz to affect the price, it has to pass through three stages:
① Discussion: Does the community start talking about it?
② Trading: Has trading volume increased noticeably?
③ Staying power: Can the topic last a day or two?
$DOGE is currently priced at 0.07955, down 2.71% over 24h. It only counts as an effective spillover if it passes all three stages; if it only reaches the first, the excitement will probably fade quickly.
By the time everyone is talking about it, the market has often already reacted.
This is not investment advice. Don’t follow suit.
For buzz to affect the price, it has to pass through three stages:
① Discussion: Does the community start talking about it?
② Trading: Has trading volume increased noticeably?
③ Staying power: Can the topic last a day or two?
$DOGE is currently priced at 0.07955, down 2.71% over 24h. It only counts as an effective spillover if it passes all three stages; if it only reaches the first, the excitement will probably fade quickly.
By the time everyone is talking about it, the market has often already reacted.
This is not investment advice. Don’t follow suit.