Just an amazing coincidence, for sure. The avocado hype has something to do with the fruit being used in a lot of cosmetic materials currently and of course, the unique taste of the fruit when combined with a lot of dishes. For sure avocado has its own merits, so does bitcoin too. It's pretty plain to see that they're entirely different commodities that serve/satisfy a different demographic, so yeah, as much as we want to believe that these two are entirely correlated, unfortunately we can't.
Kidding aside though, we might face further decline in prices should the $8k support levels won't hold. That's something, and perhaps the avocado price movement could predict that in a way.
Kidding aside though, we might face further decline in prices should the $8k support levels won't hold. That's something, and perhaps the avocado price movement could predict that in a way.
Not only it is used as cosmetics materials, it is also used as herbal medicine that is mixed in a daily supplement capsule/powder. I also think that it is just an amazing coincidence. Since the industry where they belong are not related in one way or another. Any fluctuation on each industry will not have an effect to the others. Except if Bitcoin will be used to buy Avocados in the market.
Yes, of course, this is just another thing in the universe when the stars are aligning and there is that pull on both avocados and Bitcoin. Just another coincidence. Purely entertainment and why not? We can't be too serious here all the time so we need some avocado shake to freshen our minds and bodies. Personally, I love the taste of avocados and it has many good nutrients too categorizing it as one of the so-called "superfoods" alongside other exotic finds like açai, blueberries, pomegranate, cacao, cranberries, grapefruit and the likes. I am even planning to start my own farm maybe by next year after the bull run of Bitocin so I can have the money to buy the land and to start operation.
