Analyst Ranks Favorite China Linked Coins! New Trend?
Altcoin trends such as Metaverse and artificial intelligence (AI) in the crypto money market went into a recession after experiencing their rallies. Recently, there have been fluctuations in the price of altcoins that are somehow connected with China. Cryptocurrency analyst Miles Deutscher attributes the rally of some of the China-linked coins to:
The following factors have been recent contributors behind many of these coins pumping:
• Chinese monetary stimulus
• Hong Kong crypto legalization
• Increased Asian open interest”
Deutscher said that while creating the “Chinese coin” list, the price movements of the coins were based on the fact that Chinese investors or their main promoters were Chinese. The analyst listed the altcoins he thought to be China-linked as follows:
- Alchemy Pay (ACH)
- Conflux (CFX)
- Cortex (CTXC)
- Filecoin (FIL)
- Flamingo Finance (FLM)
- Highstreet (HIGH)
- SelfKey (KEY)
- neo (NEO)
- QuarkChain (QKC)
- Qtum (QTUM)
- The Virtua Kolect (TVK)
- VeChain (VET)
- COCOS BCX (COCOS)
Deutscher responded to a follower who said that Filecoin is not of Chinese origin and should not be included in this list, saying that this coin is one of the most held coins in China and therefore fits in with this trend.
Leave a ReplyWant to join the discussion?
Feel free to contribute!