@xrev
I started exploring some Farcaster and Degen data and I have to share this interesting patterns on degen...
- reactions mirror the market way more than casts (looking for local tops)
- casts can work like a lagging indicator (same way moving averages work)
From a trend perspective, this means we should see reactions moving first than casts (up or down). That said, for now market players shouldn't expect any reversal but it looks like a good range for accumulation (if interest doesn't push lower than it already did). https://dune.com/degentokenbase/degentokenbase