“Young people are no longer buying gold just for marriage” has been trending, and $PAXG , also affected by gold, has resurfaced.
For a hot topic to impact prices, it has to pass three tests:
① Discussion: Will the community join in?
② Trading: Has trading volume increased noticeably?
③ Staying power: Can the topic carry on for a day or two?
$PAXG is currently at 4009.07, down 0.5% over 24h. It only counts as a genuine correlation if it passes all three tests. If it only makes it past the first, the buzz usually fades quickly.
A single hot topic can hardly sustain a market move; only continued attention really matters.
#PAXG
You assume all risks. Just chatting.
For a hot topic to impact prices, it has to pass three tests:
① Discussion: Will the community join in?
② Trading: Has trading volume increased noticeably?
③ Staying power: Can the topic carry on for a day or two?
$PAXG is currently at 4009.07, down 0.5% over 24h. It only counts as a genuine correlation if it passes all three tests. If it only makes it past the first, the buzz usually fades quickly.
A single hot topic can hardly sustain a market move; only continued attention really matters.
#PAXG
You assume all risks. Just chatting.
