Why Chinese Coins Could Be The Next Crypto Market Movers

Also Read: Memecoins Prints Selective Growth as Crypto Market Recovers, Here are the High Fliers

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Recently, Ripple joined the e-HKD Pilot Programme by the Hong Kong Monetary Authority’s (HKMA) while top crypto exchanges OKX and Huobi are in plans to apply for licenses to operate in Hong Kong. Meanwhile, the announcement to allow retail trade is spurring significant demand for Chinese coins like Conflux (CFX).

Demand Rises For Chinese Coins

Besides Conflux (CFX), other China coins Filecoin (FIL) and EOS have seen at least 7-8% weekly gains. With the Hong Kong retail crypto trade to begin from June 1, 2023, these coins are likely to gain even further. This trend comes at a time when Bitcoin price is witnessing a sideways movement and memecoins like PEPE Coin are seeing rise in demand.

Read More to know about Top China Coins to Invest in 2023

Also Read: Arthur Hayes Predicts Best Time To Sell Bitcoin

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