The market is on an interesting tangent, with a clear divide between active participants and outsiders. The divide between the two groups is widening, increasing the buying pressure, which can sideline investors and warp the entry points.
This gradual shift in sentiments is relevant to traders tracking momentum and recording potential inflows. In other words, social dynamics play a major role in token popularity. This shift and the relationship between the two factors play a key role in the market movement.
A notable crypto influencer, Gordon, just released a statement on the growing market concerns and the general shift in market sentiments. Gordon shared his frustration with how ‘no coiners’ or people with a general lack of crypto knowledge are taking part in crypto growth.
He has openly stated that people with limited knowledge about crypto will end up influencing the market with their own version of understanding. This is reminiscent of the market’s volatility and how even a small statement can bring about significant price action.
The said price action could be an absolute collapse of the whole system or a major spike in the price.
