🍀 Gate.io Honor Credits Spring Lucky Draw Round 9️⃣ is Officially Live!
💎 Enter the Draw Now and Seize Your Springtime Luck! 👉 https://www.gate.io/activities/creditprize?now_period=9
To Join:
1️⃣ Open the App 'Home'-'Post', and Tap the Credits Icon Next to Your Profile to Enter the 'Credits Center'.
2️⃣ Complete Tasks like Post, Comment, and Like to Earn Honor Credits.
🎁 Every 300 Credits to Draw 1 Chance, Win a MacBook Air, INTER Water Bottle, Futures Voucher, Points, and More Amazing Prizes!
⏰ Ends on April 5th, 16:00 PM (UTC)
👉 Details: https://www.gate.io/announcements/article/44114
#
Analyze the impact of GameStop social volume on the Bitcoin and Crypto Assets markets
Coin Network Report: Recent analysis highlights the relationship between GameStop (GME) social volume and the Crypto Assets market, especially Bitcoin. Shortly after GameStop announced a 284% pump, Bitcoin price Fluctuation was wild, climbing above $645,000. This correlation suggests that GME's social activity could affect the broader encryption market. Santiment's analysis of X (formerly Twitter) points out that the GME boom could have an impact on the encryption market, especially in the memecoin space. The study found that the short-term tops and bottoms of Bitcoin price coincided with a spike in GME/AMC social mentions. In addition, significant social volumes of GME were observed in January and November 2021, correlated with significant changes in Bitcoin prices and alts market capitalization. However, this relationship does not necessarily indicate causality, but rather a potential indicator that traders and investors need to monitor. Although there was no similar surge in GME social volume in May 2024, the total capitalization of the alt market has been expanding since October 2023.