Is the retail meme stock/coin buzz still impacting larger market sentiment, or are we past that?
I've been watching some of the smaller cap cryptos like $DOGE at $0.07432 and $SHIB at $0.00000423, and it makes me wonder if the broader market still gets any significant ripple effects from that retail-driven speculative energy. Back a year or two ago, it felt like meme-related hype could genuinely move conversations in the bigger indices for a moment, but now it just seems so detached. Are we at a point where the noise from these micro-cap movements is effectively ring-fenced, or am I missing something about how the sentiment still translates upstream? Push back if you disagree.
It does seem that the influence of those particular assets on broader market sentiment has diminished considerably. The capital flows just aren't significant enough to make a noticeable impact on major indices anymore, if they ever truly were beyond isolated events.