On the article published by CryptoNews “Are GameStop-Style Surges In Crypto Any Different From Old Pumps & Dumps” on 7 February 2021, Anndy Lian commented on the current events of XRP and DOGE coin. Anndy argues that the recent crypto pumps are very different from the GameStop surge.
This view is shared by crypto advisor and investor Anndy Lian, particularly when it comes to XRP’s movement.
“For XRP, it was the same old game we’ve seen for a long time in the crypto space. They use news hype to draw retail investors. The retail investors think that they are fighting against the [US Securities and Exchanges Commission], but they are merely being used by the house,” he told Cryptonews.com.
As for DOGE, Lian suggested that its recent spike is a continuation of previous jumps that have been caused largely by its enthusiastic community of evangelists.
“In early Jan 2021, DOGE had already doubled its price. Last bull market, DOGE was upped 100X,” he said.
Anndy then went on to say that the recent craze for coordinated pumps is sustainable, even for GameStop and other traditional stocks.
“If you look at GameStop and AMC now, [they’ve] fallen by more than 70%. This proves again that this is not sustainable.”
This is particularly the case in crypto, even if neither DOGE nor XRP has actually fallen as much as GameStop from recent highs.
Anndy has also openly commented on Twitter on his views on the recent events.
We are all Wall Street Pawns. Don’t kid ourselves. Continue with our #Bitcoin bets, please. #wallstreetbets #GameStop #reddit @cz_binance @adamscrabble @ADotConnector @LexSokolin @JDalmulder @DaveCryptos @Ruch_9 @VitalikButerin @_CryptoCurator @luxdiei @SangIsHere
— Anndy Lian #Blockchain #Crypto #Singapore (@anndylian) January 28, 2021
The full article can be found at CryptoNews or on Google News: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm
Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.
You can read more about Anndy’s work at www.anndy.com