“Is the starting lineup for China’s match against Malaysia the strongest available?” is trending, and $CHZ in the football section has been brought up too.
For a hot topic to carry over to prices, it has to pass three hurdles:
① Discussion: Will the community discuss it too?
② Volume: Has trading volume increased as well?
③ Staying power: Can the buzz last more than 24 hours?
$CHZ is currently at 0.01034, down 4.26% over 24h. Only if it clears all three hurdles can the spillover be considered effective. If it only makes it past the first, it will probably be a brief flurry of excitement.
Hot topics are useful as a barometer, but trading should still follow the plan.
For a hot topic to carry over to prices, it has to pass three hurdles:
① Discussion: Will the community discuss it too?
② Volume: Has trading volume increased as well?
③ Staying power: Can the buzz last more than 24 hours?
$CHZ is currently at 0.01034, down 4.26% over 24h. Only if it clears all three hurdles can the spillover be considered effective. If it only makes it past the first, it will probably be a brief flurry of excitement.
Hot topics are useful as a barometer, but trading should still follow the plan.