Tag Archives: term

Lian Argues Long-Term Shiba Inu Holders Show True Conviction in Crypto

Lian Argues Long-Term Shiba Inu Holders Show True Conviction in Crypto
  • Anndy Lian criticized the hype surrounding new meme-coin traders, highlighting the long-term commitment of Shiba Inu holders.
  • Lian emphasized that Shiba Inu holders have endured years of market volatility, showcasing true conviction in their investments.
  • Lian questioned the praise given to traders who experienced short-term losses in newly launched meme coins.
  • Shiba Inu experienced massive price fluctuations, with its value dropping nearly 90% from its all-time high.
  • Despite significant losses, many Shiba Inu holders have maintained their investments for over a year.

Blockchain advisor Anndy Lian has criticized the hype around new meme-coin traders, emphasizing the commitment of long-term Shiba Inu holders. Lian recently shared his views on social media, questioning the celebration of short-term speculators who endure brief losses in new tokens. According to Lian, it is the Shiba Inu holders who have weathered years of market volatility that deserve true recognition.

Shiba Inu’s History of Volatility

Shiba Inu has experienced dramatic price fluctuations since its launch in August 2020. The token started at an extremely low price of $0.000000000056. In October 2021, it reached an all-time high of $0.00008845, marking an astronomical surge.

However, Shiba Inu has faced a severe price drop from its peak. The coin has lost nearly 90% of its value, currently priced at $0.000009122. This ongoing volatility has led to many investors holding their positions through both rapid price increases and large drawdowns.

Despite the setbacks, many Shiba Inu holders have remained committed to their investments. Recent reports show that over 1.17 million holders have kept their Shiba Inu tokens for more than a year, enduring these market fluctuations. Lian applauds their persistence, suggesting they have displayed more conviction than short-term traders in newer meme coins.

New Meme Coin Traders and Short-Term Losses

Lian recently reacted to the celebration of a trader who suffered a $30,000 loss within 24 hours while holding a new Solana meme coin. The trader’s perseverance through this brief volatility was praised as a show of “conviction.” Lian, however, expressed skepticism, pointing out that a three-day-old token and a 24-hour loss pale in comparison to Shiba Inu’s years of market swings.

 

Lian argues that long-term Shiba Inu investors have endured much more substantial challenges. He believes their resilience, not the short-term speculative gains of new traders, should be celebrated.

“If holding a Solana meme coin through a $30,000 loss counts as conviction, Shiba Inu holders deserve Nobel prizes for their perseverance,” Lian stated.

This comparison highlights the differences between short-term speculators and long-term investors in the crypto market. While new meme coins like those on Solana can attract quick attention, they do not represent the same level of commitment shown by Shiba Inu’s longstanding supporters.

SHIB Price and Long-Term Commitment

Shiba Inu price continues to fluctuate, with a recent seven-day loss of 1.05% and a 13.94% drop over the past month. Despite the decline, Shiba Inu holders remain steadfast. Even with the challenges, many continue to hold their tokens, embodying the true spirit of long-term conviction.

Shiba Inu’s journey from humble beginnings to its peak and subsequent decline highlights the volatility of the crypto market. Investors who have stuck with the coin through thick and thin are a testament to the enduring power of long-term commitment. According to Lian, their ability to hold through such market turbulence stands as a model of true perseverance.

 

Source: https://parameter.io/lian-argues-long-term-shiba-inu-holders-show-true-conviction-in-crypto/

 

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 Slips Back Below $57,000 as Short-Term Holders Threaten Volatility

Bitcoin Slips Back Below $57,000 as Short-Term Holders Threaten Volatility

Bitcoin failed to hold levels above $58,000 Thursday morning, slipping to $56,700 and trading flat on the day.

Per data from CoinGecko, the price of Bitcoin is currently $56,794, up 0.6% in the past 24 hours and down 4.7% on the week.

Even as Bitcoin dropped to a little below 20% under its all time high, a new analysis has revealed a growing growing risk factor in the crypto market—short-term holders who are currently underwater on their investments could potentially trigger significant market volatility if they decide to cut their losses.

Despite the average Bitcoin investor remaining in a profitable position, those who have recently entered the market or acquired Bitcoin in the last six months are facing substantial unrealized losses. This dynamic creates a potentially volatile situation that could impact the broader crypto market.

“The Short-Term Holder cohort remains heavily underwater on their holdings, making them a source of risk for the time being,” a report by blockchain intelligence firm Glassnode states. This group’s financial stress is evident in key metrics, with their unrealized losses dominating the overall market picture.

The report cautions that this overall stability could be disrupted if short-term holders decide to exit their positions en masse. The $51,000 price level is identified as a critical support that must be maintained to preserve the current market structure.

The analysis reveals that short-term holders’ unrealized losses have consistently increased over the past few months. All age bands within this cohort, from those holding for just a day to those holding for up to six months, are currently in the red.

The average cost basis for these investors ranges from $59,000 to $65,200, significantly above the current market price.

This situation is reminiscent of the choppy market conditions seen in 2019, rather than a full-scale bear market, the report’s authors noted. However, it still presents a considerable risk.

“Until the spot price reclaims the STH [Short-Term Holder] cost basis of $62.4k, there is an expectation for further market weakness,” the report stated.

The implications of this stress on short-term holders extend beyond their individual positions. Their potential selling pressure could trigger broader market volatility, especially given the current low levels of overall profit and loss-taking activities.

Interestingly, while short-term holders grapple with losses, long-term investors appear to be in a more stable position.

The report indicates that long-term holders have slowed their profit-taking activities, and coins accumulated during the recent all-time high run-up are gradually maturing into long-term holdings.

 

Source: https://decrypt.co/248179/bitcoin-price-flirts-with-55000-as-etfs-see-seventh-day-of-outflows

 

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

XRP to USD forecast: Can Ripple price finally reverse long-term downward trend?

XRP to USD forecast: Can Ripple price finally reverse long-term downward trend?

Ripple is one of the most talked about coin.

– What has been affecting the Ripple coin price recently?

The on-going, never ending and changing lawsuit is one of the key uncertainties. SEC has a different angled strategy against Ripple through Wahi complaint. This added insider trading allegations against 2 other Coinbase employees and putting 9 other cryptocurrencies as securities. If the SEC wins the case, this would set a precedent and would cause more problems for the crypto industry as a whole.

This outcome for Ripple might affect their On-Demand Liquidity (ODL) service. And if U.S. banks are not going with the ODL plans, this will then weaken Ripple’s CBDC setup and investors will not be very happy.

– Where could the token be headed in the future

According to CoinMarketCap price prediction function, 1222 users voted and predicted that the price of XRP will be around $0.4905 by 30 September 2022. This is a 47.86% increase in the current price. I must say that the supporters are still considerably bullish on the coin and hope they can get out of the lawsuit quickly.

I am more realistic at this point. I hope to see more signed partnerships that are actually useful, not for PR purposes and see more real implementations in a larger manner, not purely news on how they help streamline Japan-Thailand money transfers. I hope to see more details. I am sure the investors at large want to see more too.

 

XRP to USD forecast: Can Ripple price finally reverse long-term downward trend?

 

Ripple (XRP/USD) is among the top 10 largest cryptocurrencies by market capitalisation. Dubbed a “better alternative to bitcoin”, Ripple aims to futurise global payments.

However, in recent years the company has been caught in the midst of a US Securities and Exchange Commission (SEC) filing, with its native cryptocurrency, XRP, struggling to reach past highs…for over four years.

Down by 90.3 % since its 2018 all-time high of $3.3778, at the time of writing (5 September) the XRP to USD exchange rate stood at $0.3275. Can the token repeat the record levels, and what is the latest news on the SEC case?

What is XRP/USD and Ripple?

Ripple was created in 2011 by engineers David Schwartz, Jed McCaleb and Arthur Britto. They began developing the XRP Ledger (XRPL),  a decentralised, permissionless, open-source, public blockchain.

The Ripple platform is a payment settlement system and currency exchange network using XRP Ledger Consensus Protocol. The network prides itself in its transaction speed, which according to its website, can take between three and five seconds and has low transaction fees that are “typically” under $0.01.

Ripple’s distributed consensus mechanism uses designated servers called validators, who have to agree on the order and outcome of transactions on the platform to enable them. Transactions are made in XRP coins, the platform’s native cryptocurrency.

The token can be sent to other users directly without the need of a central intermediary. XRP coins are freely exchanged on the open market and used in the real world for enabling cross-border payments and microtransactions.

Upon the token’s launch, XRPL’s founders gifted 80 billion XRP to the company. Ripple has since put the majority in escrow. As of August 2022, 44bn tokens remain in escrow.

 

What is your sentiment on XRP/USD?

XRP/USD price analysis

Unlike many of its rival cryptocurrencies that gained popularity in late 2021, XRP achieved its first success in the early months of 2018 as it was teaming up with a number of legacy financial institutions, like American Express and Santander. The token spiked to the all-time high of $3.3778 in January 2018, yet the rally was short-lived as XRP fell below $1 in late February. XRP to USD chart, September 2013 – September 2022

After two years of fluctuating between $0.60 and $0.10, the XRP coin price rebounded to $1.8391 on 14 April 2021 amid wider cryptocurrency bull run.

Throughout the remainder of 2021, the XRP to USD chart suffered fluctuations, rising as high as $1.3894 at the start of September 2021 and dropping as low as $0.7993 by mid-December.

At the start of 2022, XRP was holding steady at $0.80. It dropped to $0.30 as Russia’s invasion of Ukraine and surging inflation started to affect broader cryptocurrency sentiment. As of 5 September, the current exchange rate of XRP to USD stood at $0.3275.

 

SEC’s case against Ripple

In December 2020, Ripple found itself in the midst of a SEC filing, which accused the company’s top executives, co-founder Christian Larsen and CEO Bradley Garlinghouse, of misleading XRP investors by selling $1.3bn worth of coins without reporting to the commission. The SEC had also accused the executives of profiting from the trade by around $600m.

In March 2022, the court denied the SEC’s request to strike Ripple’s fair notice defence, which argued that contrary to the case, the company did not receive a fair warning that its sales of XRP coins could be in violation of security laws.

In July 2022, Ripple won a ruling that will allow the company to access emails from the SEC about a 2018 speech where a former official declared that Ethereum was not a security. The evidence could help Ripple in arguing that XRP cannot be labelled as such. The SEC, however, continued to battle this ruling and filed a brief arguing that the speech drafts “are not relevant to any claim or defense in this case”.

On 19 August, Ripple filed a motion to seal the identities of non-parties, some company employees and the personal financial information of employees. The SEC replied, clarifying that in doing so, it “does not concede that the above categories of information should properly be sealed for summary judgement briefing, and reserves its rights to oppose similar sealing requests for summary judgement.”

The judge granted the SEC’s request to file a 90-page long reply to its motion that seeks to exclude the testimony of Ripple Labs’ witnesses.

The outcome of the court proceedings could remain the key factor affecting the movements on the XRP chart. As of 5 September, analysts and investors await 9 September, when both parties are expected to seal any portion of the filings together with proposed redaction.

Responses to the motion must be submitted by 16 September. Motions for summary judgement are expected by 15 September,  and any opposition to that must be received by 18 October and answered by 15 November. The coming months will be of great importance for Ripple enthusiasts.

“The ongoing, never ending and changing lawsuit is one of the key uncertainties. SEC has a different angled strategy against Ripple through Wahi complaint. This added insider trading allegations against two other Coinbase employees and put nine other cryptocurrencies as securities,” said Anndy Lian, chief digital advisor of the Mongolian Productivity Organisation.
“If the SEC wins the case, this would set a precedent and would cause more problems for the crypto industry as a whole,” he told Capital.com.

On 21 July, the SEC filed a complaint against Ishan Wahi,  Coinbase’s manager in its assets and investing products division, and two other employees, accusing them of insider trading and securities fraud. In the filing, the commission noted that the nine coins Wahi and other defendants traded were “crypto asset securities”.

 

XRP to USD forecast for 2022 and beyond

Despite the latest downward price action, algorithm-based forecasting service Wallet Investor gave a bullish XRP to USD crypto exchange rate prediction as of 5 September. The site noted that XRP is “an outstanding long-term investment”, adding that it has a long-term earning potential amounting to 284.71%.

Based on its analysis of past price performance, Wallet Investor predicted that the token could trade at $0.517 in 2023 and reach $1.258 by 2027.

DigitalCoinPrice supported the positive XRP to USD future exchange rate forecast at the time of writing, expecting the token to grow to $0.48 by the end of 2022 and reach $1.50 by the end of 2025.

By the end of 2027, the site predicted that the exchange rate of XPR to USD could reach $1.63. The website’s long-term forecast for the token showed that the cryptocurrency could surge to $4.63 by 2030.

Mark Fidelman, founder of SmartBlocks, was bullish on XRP to USD exchange rate, yet noted that the outcome of the SEC case will play a crucial role in shaping Ripple’s future.

“If [Ripple wins] the lawsuit, it should be heading back up to over a buck by the end of year, maybe more…It’s more effective and more efficient than anything that the banks are doing, so it should scare the banks and should help crypto,” he told Capital.com.

Note that predictions about the future of XRP can be wrong. Forecasts and analyst expectations shouldn’t be used as a substitute for your own research. Always conduct your own due diligence looking at the latest news, price charts.  technical and fundamental analysis.

Remember that past performance does not guarantee future returns. And never trade money that you cannot afford to lose.

 

Source: https://capital.com/xrp-usd-forecast-dollar-ripple-price

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