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What does popularity coin mean (the meaning of popularity value)

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What does popularity coin mean (the meaning of popularity value)

What does popular currency mean? In the blockchain field, popular currency (HASH) is a relatively popular term. Generally speaking, this Cryptocurrency has a strong intrinsic value. For example, some digital assets such as Bitcoin are synonymous with this. But if used to describe it, this code name is called “hot money” because they have high liquidity, scalability, and price. Therefore, people call it “heat currency” And this type of currency is also known as “popular currency” or “air currency”, or “air currency” or “junk currency”. They can attract investors to enter by tweeting and attract market attention in various ways, such as a recently popular network effect called FOMO3D. That is to say, when you see a project, you will feel that it is a “hot topic” These so-called hot money are actually similar to the way ordinary people interact with them, and many people confuse these concepts together: what do people think hot money is? It is something created by people who do not understand it, or whose impression of it is not good enough; Some people have not even heard of the most familiar things, but in reality they do not truly understand what “hot money” is

The meaning of popularity value

After Bitcoin broke through historical highs, the coin circle market was once again wiped out. The attention paid to the price of special coins is decreasing. But there has been a slight decline since last year, and this round of decline is ongoing So what about this time? We can compare the relationship between popularity value and growth rate. Because this indicator is very important – the popularity index. It is one of the indicators to measure whether a currency is attractive. Its function is to determine whether there is room for an increase in its market value At present, people are most concerned about the changes in popularity, which is why there is an increase in popularity; Or rather, what kind of phenomenon it is. This is a relatively complex problem: how should investors react to any hot topics that arise? Is it true that when someone is hyping and you don’t see a hot topic, they will reflect on what heat is? Or is it like the previous feeling of being ‘bullish’? Of course not, after all, the more people rise, the slower the rise. So the results of this emotion are actually bullish expectations Therefore, it is important to note that the performance of the market should not be overly exaggerated. It should be understood that the meaning of popularity value does not refer to the valuation method of a specific project. On the contrary, when the price of a project reaches a certain level, “popularity”, also known as popularity value, will follow. The degree of change in platform activity is determined by factors such as the number of users and transactions, which in turn affects the overall performance of the entire platform For example, among the popular large cap stocks recently, Bitcoin experienced a decline of over 30%, and other mainstream small currencies also experienced similar situations (such as BCH)

Let’s take a look at the DeFi token on Ethereum. According to Debank data, the total lockdown value of ETH is $3.19 billion, an increase of nearly 50% compared to the beginning of the year, while the market share of DeFi tokens is only 3.6% This is very close to the market share of Bitcoin. However, the ETH market is still in a state of bearish strength, and the market value of many counterfeit coins is also rapidly rising. Moreover, the development of the DeFi ecosystem is also on the path of continuous growth. However, the key is to truly maintain stable liquidity for these assets.

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