“Chovy achieves his best-ever result at Worlds” topped trending searches across the web (No. 10), and $SAND from the blockchain gaming sector was brought back into the spotlight.
For a trending topic to affect a coin’s price, it has to pass through three steps:
① Discussion: Will the community start talking about it?
② Volume: Has trading volume increased noticeably?
③ Follow-through: Can the topic sustain itself for more than 24 hours?
$SAND is currently at 0.04237, down 1.67% over 24h. It only counts as a real correlation if it passes all three steps. If it only makes it through the first, it will probably blow over quickly.
Trending searches can bring in traffic, but traffic isn’t trading volume.
For a trending topic to affect a coin’s price, it has to pass through three steps:
① Discussion: Will the community start talking about it?
② Volume: Has trading volume increased noticeably?
③ Follow-through: Can the topic sustain itself for more than 24 hours?
$SAND is currently at 0.04237, down 1.67% over 24h. It only counts as a real correlation if it passes all three steps. If it only makes it through the first, it will probably blow over quickly.
Trending searches can bring in traffic, but traffic isn’t trading volume.