“Musk tours the Colossus 2 construction site” trended, and $DOGE , which is associated with Musk, was dug up too.
For a trending topic to affect a coin’s price, it has to pass through three stages:
① Attention: Will people on the platform start discussing it?
② Volume: Will trading volume increase noticeably?
③ Follow-through: Will the topic stay relevant for a day or two?
$DOGE is currently at 0.07534, down 0.57% in 24 hours. It only counts as a genuine connection if it passes all three stages; if it only makes it to the first, the buzz will probably fade quickly.
Topics can be useful as trend indicators, but trading should still follow a plan.
For a trending topic to affect a coin’s price, it has to pass through three stages:
① Attention: Will people on the platform start discussing it?
② Volume: Will trading volume increase noticeably?
③ Follow-through: Will the topic stay relevant for a day or two?
$DOGE is currently at 0.07534, down 0.57% in 24 hours. It only counts as a genuine connection if it passes all three stages; if it only makes it to the first, the buzz will probably fade quickly.
Topics can be useful as trend indicators, but trading should still follow a plan.