Anndy Lian has issued a cautionary note on the crypto market, suggesting that while prices may experience dips, the real concern lies in low trading volumes.
Lian, a well-known figure in the cryptocurrency world, emphasizes that diminishing volumes may signal fading interest and weaken the momentum, resulting in stagnating price movements and a silent market landscape.
He outlines that low volume can be a precursor to weak buying activity, undermining any potential market recovery. As volumes contract, traders and investors should remain vigilant regarding further prolonged quiet periods in trading charts.
Lian’s latest caution on subdued volumes aligns with his prior exploration of how community-driven enthusiasm and the notion of crypto fun can energize market dynamics. These concerns also surface against the backdrop of recent discussions on the resurgence of memecoins among crypto natives, further highlighting the market’s sensitivity to shifting investor sentiment and engagement.
Source: https://tradersunion.com/news/market-voices/show/725991-crypto-volume-risk-lian/
Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.
Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian 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”.