Tag Archives: resurgence

Anndy Lian indicates memecoins resurgence among crypto natives

Anndy Lian indicates memecoins resurgence among crypto natives

Anndy Lian has expressed his view on the ownership of memecoins among crypto enthusiasts.

He suggests that crypto natives are increasingly inclined to own these digital assets as part of their portfolios. The tweet highlights an ongoing discussion surrounding the appeal and potential value of memecoins in the cryptocurrency market. While Lian’s comments indicate a positive sentiment, the broader crypto community remains engaged in debating the prospects of these often volatile digital tokens.

 

 

Lian’s perspective on the rise of memecoins underscores broader themes of engagement and speculation within the crypto ecosystem—dynamics he has previously explored in his analysis of how community-driven excitement can unlock significant economic potential for digital assets. As debates continue over both the opportunities and risks inherent in this volatile space, his prior commentary on the importance of secure asset storage remains particularly pertinent for investors looking to balance innovation with prudent safeguards.

 

Source: https://tradersunion.com/news/market-voices/show/682763-memecoins-resurgence/

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”.

www.anndy.com
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Bitcoin Price Faces Consolidation While Altcoins See Resurgence

Bitcoin Price Faces Consolidation While Altcoins See Resurgence

Even as Bitcoin continues to grapple with the key level of $64,000, experts are pointing to Ethereum’s outperformance of Bitcoin since the Federal Reserve’s 50 basis point rate cut as a possible indicator of shifting market dynamics.

Despite the minor pullbacks, institutional interest in both assets persists. Bitcoin spot ETFs reported a net inflow of $106 million on September 25, extending a 5-day streak. BlackRock’s iShares Bitcoin Trust (IBIT) alone saw an inflow of $184 million. Meanwhile, Ethereum spot ETFs brought in $43.2 million, including $26.6 million into Grayscale’s (ETH) ETF, according to data from SoSo Value.

Meanwhile, interest in altcoins and meme coins has surged, according to Peter Chung, Head of Research at Presto Labs.

Speaking with Decrypt, he noted that the renewed enthusiasm extends beyond just Layer 1 (L1) blockchain assets. 

“The interest in alts is not just confined to L1s but also quite strong on meme coins, which have rebounded strongly today as European trading hours started,” said Chung. “DOGE, PEPE, and SHIB have all spiked noticeably, signaling that the altcoin rebound has quickly become broad-based.”

According to data shared by Presto Labs to Decrypt, as market participants explore new opportunities, the spread between on-chain yields and the 3-month Treasury bill remains wide, suggesting that a full-scale on-chain migration of capital might not happen until 2025.

Nonetheless, attractive annual percentage yields (APYs) on major stablecoins are drawing attention. For instance, DAI through MakerDAO offers a 6.00% APY, while Morph Blue’s SPDAI (LTV 100%) provides a 9.81% APY, indicating that decentralized finance (DeFi) protocols continue to offer competitive yields.

According to senior market analyst Alex Kuptsikevich of FxPro, while stock indices are hitting multi-month or all-time highs, the cryptocurrency market is treading water at a one-month high.

Kuptsikevich emphasized Bitcoin’s recent struggle to consolidate above the 200-day moving average. “Bitcoin has been forming a sideways channel just under $2,000 wide, suggesting a period of consolidation with a slight upward bias. A move beyond this range could launch a medium-term trend,” he told Decrypt.

Author and intergovernmental blockchain expert Anndy Lian highlighted that Bitcoin’s surge past $64,000 has shifted market sentiment into “greed” territory,” but added that excessive exuberance often precedes a market correction.

“The current undercurrent of fear on social media suggests that a sentiment shift may be underway, potentially foreshadowing a period of consolidation or even decline in the cryptocurrency market,” he added.

Speaking with Decrypt, Lian also noted that the expectation of easing U.S. monetary policy, with a projected 50 bp interest rate cut at the Fed’s November meeting, has already influenced recent market movements.

 

Source: https://decrypt.co/255130/bitcoin-consolidation-altcoins-resurgence

 

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”.

www.anndy.com
j j j