{"id":535536,"date":"2023-05-29T23:00:44","date_gmt":"2023-05-29T23:00:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=535536"},"modified":"2024-06-11T07:14:20","modified_gmt":"2024-06-11T07:14:20","slug":"here-are-the-top-3-chinese-coins-to-buy-as-china-leads-the-bull-run","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/here-are-the-top-3-chinese-coins-to-buy-as-china-leads-the-bull-run\/","title":{"rendered":"Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run"},"content":{"rendered":"

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.<\/p>\n

Neo (NEO)<\/h2>\n

Neo (NEO)<\/a> has long been a favorite of Chinese investors and is often fondly referred to as the \u201cChinese Ethereum.\u201d 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.<\/p>\n

Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close<\/a><\/div>\n

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.<\/p>\n

\"NEO<\/p>\n

NEO price recovers above $11 | Source: NEOUSD on TradingView.com<\/a><\/pre>\n
Conflux (CFX)<\/h2>\n
Conflux (CFX)<\/a> 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.<\/p>\n
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\u2019s 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.<\/p>\n
VeChain (VET)<\/h2>\n
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\u2019t grown as much as Ethereum, it hasn\u2019t 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.<\/p>\n
Related Reading: Elon Musk Reveals Reason Behind Dogecoin Investment, But Why Is DOGE Down?<\/a><\/div>\n
Although VET hasn\u2019t 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.<\/p>\n
China And Crypto<\/h3>\n
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.<\/p>\n
Related Reading: When Is A Token Coming For Coinbase\u2019s Base L2? Here\u2019s What The Roadmap Says<\/a><\/div>\n
The country passed a new law that would allow crypto exchanges to offer services to investors<\/a>, 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.<\/p>\n
It is set to go into effect on June 1, less than three days from now. As this date draws closer, a study<\/a> 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.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Blokt, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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 \u201cChinese Ethereum.\u201d 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\u2019s 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\u2019t grown as much as Ethereum, it hasn\u2019t 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\u2019t 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\u2019s Base L2? Here\u2019s 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\u2026 Featured image from Blokt, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":535583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87851,88347,88346,6664,2359,3129,12884],"class_list":["post-535536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cfx","tag-china-coins","tag-chinese-coins","tag-crypto","tag-hong-kong","tag-neo","tag-vet"],"acf":[],"yoast_head":"\nHere Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run<\/title>\n<meta name=\"description\" content=\"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 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. 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