DOMINO EFFECT MEME SERIES

While there was an increase in the overall volume for crypto last quarter, a more detailed examination of the data suggests an alternative perspective.Īlthough Bitcoin trade volumes appear to have spiked, with Bitcoin-Tether and Bitcoin-BUSD standing out as the top-traded pairs on the Binance exchange when isolating the Bitcoin-dollar trade pair, which trades on exchanges such as Coinbase and Gemini, volumes were the lowest since 2020. Bitcoin’s Rally Shows a Misleadingly Low Level of Demand The current rally for Bitcoin, in particular, was suggested to have a misleadingly low level of demand. While cryptocurrencies have been celebrated for their potential to deliver exceptional returns, the market’s unpredictable nature means that investments in digital assets should be approached with caution.Īs such, it is essential to diversify one’s investment portfolio and conduct thorough research before investing in cryptocurrencies. The sudden market downturn highlights the inherent volatility of cryptocurrencies and gives an idea of the risks associated with investing in them. Other cryptocurrencies such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin, and Solana experienced less than $5.5 million in liquidations.

The high volume of liquidations primarily occurred on major cryptocurrency exchanges such as Binance, OKX, Huobi, and Bybit.īitcoin and Ethereum saw the most significant liquidations, with $63.03 million and $54.20 million, respectively. Similarly, Dogecoin, a popular meme-based cryptocurrency, witnessed a 6.8% drop in its value. This significant surge in liquidation activity had a profound impact on the overall market, causing a ripple effect that led to a sharp declineĮthereum, the world’s second-largest cryptocurrency, fell by 4.9%, while XRP, the seventh-largest cryptocurrency, experienced a decline of 5.6%. The sudden fall in Bitcoin’s price is believed to have triggered a domino effect across the cryptocurrency market, causing a considerable amount of liquidation activity to occur.Ī staggering amount of approximately $200 million worth of digital assets was liquidated over 24 hours. The flagship cryptocurrency, Bitcoin (BTC), experienced a significant plunge, falling to approximately $27,300, representing a substantial drop from its earlier value. Bitcoin Plunges Triggering Cryptocurrency Market Crash On April 21, 2023, the cryptocurrency market underwent a significant downturn, marking a sharp decline in the prices of major digital assets. The historical domino effect has its limitations … and so do facts made up off the dome.Join Our Telegram channel to stay up to date on breaking news coverage KX3c6KgKA5- Supply Chain Destroyer March 24, 2023ĭespite its monumental popularity and notable resemblance, Rodger, even with his filmmaking expertise, had nothing to do with the meme’s viral fame. Garnering upwards of 15 million views in its 13 years on the platform, Morris’ video first received the meme treatment on /r/PrincetonPhysMemes in 2018, emerging into more mainstream internet communities later that year, per the Know Your Meme database.

DOMINO EFFECT MEME SERIES

Garnering reactions of shock and disbelief – “Unexpected lore,” wrote one commenter, another writing “That's hot” - it seems, as many suspected, sentiments are entirety bullshit.īack in 2009, now-retired University of Toronto professor Stephen Morris took to his YouTube channel to share a clip on the wonders of geometric growth, illustrating the phenomenon by knocking over a series of rapidly ascending dominoes.

“Just a little light-hearted nugget of information for those who didn’t already know.” “My favorite little fun fact about this meme template is that this guy is Elliot Rodger’s dad,” they wrote alongside a side-by-side depiction of the two men, which has since garnered nearly 50,000 views. Ax4m1Y3JfL- Reverend Doctor Bob Sacamano March 20, 2023 Just a little light hearted nugget of information for those who didn’t already know. My favorite little fun fact about this meme template is that this guy is Elliot Rodger’s dad. Last week, Twitter user sparked viral confusion after he took to the platform to share a post falsely alleging Peter has yet another pop culture connection to the popular shitpost format. Though Peter Rodger may have Assistant Directed The Hunger Games and spawned the Isla Vista mass shooter/incel Elliot Rodger, it seems there’s one meme he cannot claim: Contrary to misconception, he’s never starred in a meme connecting 9/11 to 50 Shades of Gray vis-à-vis My Chemical Romance in the “Domino Effect” meme.

Domino effect meme