币界网报道:Raoul Pal, founder of Real Vision, tweeted that 90% of Bitcoin's price fluctuations are driven by liquidity, while the ratio for the Nasdaq 100 Index (NDX) is 97%. The rest is due to the influence of market acceptance (i.e., the popularity of applications). The relative performance of tokens or stocks depends almost entirely on verifiable network effects (i.e., market acceptance or popularity of applications). [Coin World]