Memecoin as a market sentiment indicators to BTC
If we plot Dogecoin and map out peaks of pumps while overlaying BTC, we can see that most of the time, when DOGE runs, BTC has a dip shortly after.
This is to provide evidence of the thesis that when memecoins pump, it is a sign of froth in the market.
This is to provide evidence of the thesis that when memecoins pump, it is a sign of froth in the market.