“Tesla can fly, but profits are falling” has been trending across the internet, and $DOGE , which is linked to Musk, has been dug up too.
For a trending topic to affect a coin’s price, three steps have to happen:
① Attention: Will people discuss it on the platform?
② Trading volume: Will trading volume increase noticeably?
③ Follow-through: Will the discussion continue for a day or two?
$DOGE is currently priced at 0.07954, down 0.66% over 24 hours. It only counts as a genuine connection if it clears all three hurdles. If it only makes it past the first, it’ll probably be a brief buzz and then fade.
Trending topics can bring liquidity, but they can also amplify volatility.
For reference only. Make your own trading decisions.
For a trending topic to affect a coin’s price, three steps have to happen:
① Attention: Will people discuss it on the platform?
② Trading volume: Will trading volume increase noticeably?
③ Follow-through: Will the discussion continue for a day or two?
$DOGE is currently priced at 0.07954, down 0.66% over 24 hours. It only counts as a genuine connection if it clears all three hurdles. If it only makes it past the first, it’ll probably be a brief buzz and then fade.
Trending topics can bring liquidity, but they can also amplify volatility.
For reference only. Make your own trading decisions.