Anndy Lian argues “Recent crypto pumps are very different from the GameStop surge.”
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.
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