Why Are Chinese Coins So Popular?

February 22, 2023 Story: Divya Sinha

Over the last week, Filecoin, VET, NEO, Conflux, and other cryptocurrencies have seen double-digit gains.

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Chinese Coins are gaining traction giving rise to the China narrative Coin 2023 on Twitter.

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As per the recent announcement, Hong Kong will make crypto trading completely legal for all residents on June 1st, 2023.

This has fueled bullish sentiment in the crypto market.

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Many crypto experts even believe that these coins have the potential to generate 10x returns in future.

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As per the previous report, on Friday, the People's Bank of China (PBoC) injected $92bn USD into the market.

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At press time, FIL, VET, NEO, and Conflux are up by 67%, 22.2%, 56.6%, and 398.0% respectively in 7 days.

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