In this article, we’ll look at the current crypto narrative – Chinese coins and the 5 tokens you can invest in for maximum profit.
Let’s get to it!
Chinese Coins Narrative Explained
Hong Kong’s Securities and Futures Commission (SFC) has unveiled a set of regulations that will enable retail investors to engage in cryptocurrency trading, effective from June 1, 2023.
This development highlights Hong Kong’s efforts to position itself as a prominent global hub for cryptocurrency trading.
In addition, the SFC has expressed its inclination to conduct future assessments on matters concerning tokenized assets’ property rights and the legal implications of smart contracts.
This signifies Hong Kong’s measured yet receptive approach to regulating the burgeoning crypto industry.
Moreover, prominent cryptocurrency exchanges, including Binance, Huobi, and OKX, have already expressed their intent to obtain licenses from the SFC.
Needless to say, these big names intend to establish operations within the region.
Furthermore, the introduction of retail trading in Hong Kong is poised to breathe new life into the local cryptocurrency market.
At the same time, it will provide an avenue for international investors to actively participate in the thriving Hong Kong market.
These recent developments around cryptocurrencies in Hong Kong are highly encouraging.
Hence, the reason many believe that Chinese coins will rally soon.
Now, let’s look at the tokens you can buy for maximum profit.
Top 5 Chinese Coins to Buy Now
Now, let’s take them one after the other.
the first coin on my list is Conflux Network, a public blockchain backed by the Chinese government.
Conflux (CFX) is a public layer-1 blockchain for DApps, e-commerce platforms, and Web 3.0.
It features enhanced scalability, decentralized architecture, and fortified security measures that surpass the capabilities of existing protocols.
Last month, Conflux joined forces with Accseal, the creator of cutting-edge Zero Knowledge (ZK) accelerating chips.
This collaboration catalyzes the integration of the most advanced ZK technologies within the Conflux ecosystem.
As a result, the scalability of Conflux (CFX) will witness a substantial boost.
In Mid-May, Conflux unveiled its first blockchain-based SIM card, or BSIM, in collaboration with China’s second-largest wireless carrier China Telecom.
More recently, Tenet – a liquid staking layer 1 blockchain built on the Cosmos network, teamed up with Conflux and Qtum, two blockchains with a heavy presence in China, to deepen the roots of the liquid staking industry in that country’s markets. Interesting!
All of these point to a possible pump in the value of this token.
Currently, Conflux (CFX) is trading at $0.32, a 2.3% increase in the past 14 days.
The second on my list of top Chinese coins to buy now is VeChain (VET).
This blockchain platform caters to the needs of enterprises seeking optimal supply chain management and streamlined product tracking.
Its foundation lies in harnessing the potential of distributed ledger technology, ensuring seamless operations, and upholding the security of data.
VeChain (VET) has garnered widespread adoption across diverse industries, ranging from logistics to fashion retail, owing to its ability to facilitate reliable and transparent data transfer.
Renowned industry leaders such as Walmart, BMW, and PWC stand as a testament to the platform’s efficacy in enhancing supply chain transparency and operational efficiency.
Within this network, VeThor (VTHO) serves as an additional token primarily utilized for transaction fees, while the VeChain (VET) token assumes a significant role in governance rights.
This dual-token approach fosters a stable and dependable network cost structure, allowing VeChain (VET) holders to generate passive income in the form of VeThor (VTHO).
Presently, VeChain (VET) is trading at $0.020, a 6.8% increase in value over the past 14 days.
Alchemy Pay (ACH)
Alchemy Pay (ACH) is a pioneering payment solutions company that bridges the gap between fiat and cryptocurrency markets on a global scale.
By facilitating the acceptance of both fiat and cryptocurrencies for online and offline retailers, Alchemy Pay enables seamless transactions.
Also, it promotes easy integration with blockchain ecosystems and provides universal access to web3 services.
Notably, Alchemy Pay has expanded its reach to over 70 countries, boasting an extensive network of 300 payment channels.
Plus, it has forged strategic partnerships with industry giants such as Binance, Shopify, NIUM, and QFPay.
Already, over 2 million merchants have connected to the platform. Impressive!
The ACH coin is an ERC20 token used for transaction fees, network rewards, and discounts.
Presently, Alchemy Pay (ACH) is trading at $0.029, a 9.3% increase in value over the past 14 days.
Filecoin (FIL) also made my list of top Chinese coins to buy now.
It emerges as a decentralized storage platform, revolutionizing the way users securely store and access their data.
This platform enables individuals to trade storage space with one another utilizing the platform’s native token.
Users are rewarded with FIL tokens for providing high-quality and efficient storage services.
Interestingly, the Filecoin network can securely store diverse data types, ranging from documents and images to audio and video files.
This versatile storage solution offers both individuals and businesses a reliable and secure avenue to meet their ever-evolving storage needs.
As of the time of writing, Filecoin (FIL) is currently trading at $4.76, reflecting an 8.2% increase over the past 14 days.
Lastly, SelfKey (KEY) is another top Chinese coin that you should consider.
It is a blockchain-based identification platform that provides individuals, businesses, exchanges, fintech firms, and banks with a comprehensive framework for managing identity data, often required for Know Your Customer (KYC) processes.
SelfKey prioritizes the security of sensitive information and files by employing a combination of public and private key encryption.
Also, it enables individuals to efficiently exchange essential information, such as name, gender, and age, with external entities when necessary.
This system serves as a robust safeguard against security breaches and identity fraud.
At the heart of the SelfKey ecosystem lies its utility token, KEY, which serves as the primary payment mechanism.
All commodities and functionalities provided by the platform are accessed by paying a nominal fee in terms of the KEY token.
This fee, in turn, fuels the continuous development and growth of the “identity ecosystem” across various domains. Cool!
As of press time, SelfKey (KEY) is trading at $0.0068, which is a 26.0% price increase in the past 14 days.
Wondering where you can buy these top Chinese coins? Check the next section.
Where To Buy The Top 5 Chinese Coins
Here are four reputable exchanges where you can buy the top 5 Chinese coins now.
If you don’t have an account with them, click on the “Visit Site” button beside each exchange to create one.
And if you’d love to learn more about the exchange before making your choice, then hit the “Read Review” button.
|Bybit||Visit Site||Read Review|
|OKX||Visit Site||Read Review|
|Gate.io||Visit Site||Read Review|
|Binance||Visit Site||Read Review|
In recent times, crypto narratives have become a profitable tool for traders and you don’t want to miss out.
Take advantage of this opportunity and buy these 5 Chinese coins for large returns.
But remember to do due diligence first.