Presidential elections do not affect economy. So there is no point for voting lol.
While presidential elections might contribute to some economic uncertainty, there isn’t strong evidence from analysis that they have a direct and consistent impact on the Federal Reserve’s monetary policy (and as a proxy to economical situation). The Fed appears to maintain its focus on economic fundamentals rather than political considerations when adjusting the Federal Funds Rate.
Tested the "taxi drivers" hypothesis using the example of the California Gold Rush.
So, yes, as usual, when people start talking about something, it's usually already too late.
Or, using the taxi drivers example – when even taxi drivers are talking about something, it's a clear sign to sell.
Created a graph showing the number of newspapers that mentioned gold in relation to the total number of newspapers during that period (i.e., I normalized it to see the actual number of mentions).
I understand that it may be because they are linked via pools but (hey?) NOT is also listed on Binance, why then volume is sooo similar in absolute values?
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The Relationship Between the Popularity of the Coinbase App in the American App Store and the Price of #Bitcoin
The correlation coefficient is approximately -0.76. This means that if the Coinbase app becomes more popular, the price of Bitcoin often goes up.
P.S. But this does not mean that if the app's rating changes, the price of Bitcoin will necessarily change as well. There is just a tendency that we observe from the data.
P.P.S. I took the Coinbase App Rank as an #indicator of #crypto popularity in the USA and the #BTC price as an index reflecting the overall market condition. In other words, I'm trying to see how popularity affects price.
You can watch the popularity of #Coinbase and other data live here: https://t.co/ZBebvhmVjN
This seems like a trivial question (or is it?): Is there a connection between #stablecoins and the price of #cryptocurrency?
Yes. There is a clear #correlation between the marketcap of cryptocurrency (excluding stablecoins) and the market cap of stablecoins. The question is just when and why stablecoins will be injected...
And, in turn, stablecoins correlate with the financial market, as they act as a gateway through which $$$ are injected into #crypto when money becomes "cheap", and as a consequence, investors look for high risk, high reward scenarios.
A bullrun is programmed. Whether it will happen now or not depends on interest rates, on how "expensive money" is. When the rates are lowered, there will be a #bullrun (or its peak, lol)...
Chart showing how the #TVL (aka Total Value Locked) changed in the top 10 blockchains over the last 2 months.
P.S. If you thought everything was growing on #Solana - no, you're not mistaken