Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run
2023年5月30日 - 8:00AM
NEWSBTC
As June 1 draws closer and the Hong Kong and Chinese investors look
forward to legally trading cryptocurrencies once more, the market
has already turned bullish. So far, Chinese coins have led the pack
when it comes to gains, so here are three of the most popular
Chinese tokens likely to rally if the bullish trend continues. Neo
(NEO) Neo (NEO) has long been a favorite of Chinese investors and
is often fondly referred to as the “Chinese Ethereum.” The
cryptocurrency is one of the leading coins from the region so it is
no surprise to see that it has moved back into the spotlight as
retail traders are set to begin trading cryptocurrencies in Hong
Kong on June 1. Related Reading: Bullish Case For Litecoin Grows
Stronger As LTC Halving Draws Close The past week has already been
profitable for its investors with 13.95% gains already recorded on
the weekly chart. In the past day as well, the digital asset has
seen gains of 3.34%, but there is still a lot of ground to cover
before trading goes live. So NEO could present as a good choice for
investors looking to take advantage of the new bull rally being led
by Chinese investors. NEO price recovers above $11 | Source: NEOUSD
on TradingView.com Conflux (CFX) Conflux (CFX) is one of the top
Chinese coins for investors to keep an eye on during this time.
Conflux is a blockchain company based in China and its native token
CFX has seen much success this year. However, the drawdown in the
price of the coin in the last month has not deterred investors and
as the Chinese narrative gains ground, the token has grown as well.
Just like NEO, the last week has been a good one for CFX whose
price has risen 9.96% to bring its price above $0.32 once more. The
coin’s trading volume also crossed $117 million in a 24-hour
period, indicating that investors are always investing in this
token ahead of the anticipated June 1 date. VeChain (VET) VeChain
(VET) is one of the oldest blockchains in the space which was
founded in 2015, the same year as Ethereum. And although VeChain
hasn’t grown as much as Ethereum, it hasn’t been stagnant either
and has become one of the foremost Chinese coins, making it a
perfect candidate for those looking to take advantage of the
present narrative. Related Reading: Elon Musk Reveals Reason Behind
Dogecoin Investment, But Why Is DOGE Down? Although VET hasn’t
performed as well as the others on this list, it is up nonetheless
with 5.58% gains in the last week. It is also seeing a modest
upside of 1.67% on the 24-hour chart, but the promise of more gains
remains vast as the last two days leading up to June 1 could see
these coins heat up very fast. If the trend continues, then VET
could be looking at breaking the $0.03 resistance before the week
is over. China And Crypto China banned cryptocurrencies in 2021
when the price of Bitcoin had rallied to $60,000. This move
triggered a crash in the market, from which Bitcoin recovered not
too long after, but it left Chinese investors unable to adequately
participate in a market that they had previously dominated. That
is, until now that Hong Kong has made a move. Related Reading: When
Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap
Says The country passed a new law that would allow crypto exchanges
to offer services to investors, making it possible for them to
participate in the market once more. This gives investors in China
an avenue to trade cryptocurrencies without being worried about
breaking the law. It is set to go into effect on June 1, less than
three days from now. As this date draws closer, a study by Forex
Suggest has shown that Hong Kong is the most crypto-ready country
in the world. However, it remains to see how this event will play
out in the crypto market. Follow Best Owie on Twitter for market
insights, updates, and the occasional funny tweet… Featured image
from Blokt, chart from TradingView.com
Dogecoin (COIN:DOGEUSD)
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過去 株価チャート
から 12 2023 まで 12 2024