Subnostr

yes that's how liquidity and liquidity pairs work. This is also the reason why many coins have a strong correlation to the Bitcoin chart. A large part of their liquidity is BTC (and ETH, stablecoin etc). So if BTC goes up it pulls the shit along because the LP goes up in value thanks to BTC.

S!ayer 1y ago

I mean most of the kak out there is just nonsense. I saw one today with a 3.3 billion market capitalization called DogWifHat and it's thesis is literally just a dog with a hat.

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