• 28 May, 2024
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Top Five Chinese Cryptocurrencies that Pump Hard: NEO, ETC, VET, ACH, and FIL

The Chinese cryptocurrency market has been heating up recently, with several tokens experiencing significant growth. It’s no surprise that investors are taking notice, as the potential rewards in this space can be quite lucrative.

Source: TradingView

The current price of NEO against the U.S. Dollar is 9.83939076 USD, showing a decrease of 0.06065290 (-0.61%) compared to the previous value. In terms of technical indicators, the MACD (Moving Average Convergence Divergence) for NEO/USD is -0.156, suggesting a bearish signal.

The second coin on the list is Ethereum Classic (ETC). This is a hard fork of the original Ethereum blockchain, and it has seen impressive growth recently as well. It’s designed to be an immutable public ledger that can store code and data for smart contracts. 

Source: TradingView

The current price of Ethereum Classic (ETC) against the U.S. Dollar is 17.751248 USD, showing an increase of 0.040241 USD (+0.23%) compared to the previous value. The price chart indicates a slight upward movement in ETC.

However, the performance of ETC has been mixed. Over the past month, it has dropped 10.46%, and over the past week, it dropped 3.25%. However, it has seen a positive trend of 13.15% over the past 6 months. On a year-to-date basis, ETC has experienced a significant decline of -26.95%.

VeChain, the blockchain platform that focuses on supply chain management and business processes is placed third on the list. VET aims to improve supply chain transparency and efficiency through the use of smart contracts and IoT technology, making it attractive for companies that look to make their operations more efficient.

Source: TradingView

The current price of VeChain (VET) against the U.S. Dollar is 0.01910609 USD, showing a decrease of 0.00007787 USD (-0.41%) compared to the previous value. The 50-day exponential moving average (EMA) and 200-day simple moving average (SMA) both provide indications that buying pressure may soon take over from sellers after months of bearishness dominating the markets.

Alchemy Pay, which secures the fourth position, is a payment platform that aims to bridge the gap between fiat and cryptocurrency payments. It allows merchants to accept payments in both fiat and cryptocurrencies, providing greater flexibility and convenience for customers. This makes it an attractive option for those who want to use digital currencies but want to avoid the hassle of converting them into traditional currency first.

The price of one Alchemy Pay (ACH), currently sitting at $0.02642371, has decreased in value by -2.08%, equivalent to a loss of 0.00054747 US dollars. A closer look at the ACH/USD 1-day price chart reveals that the value of a single ACH has been on the decline as of late. 

Source: TradingView

Finally, Filecoin (FIL), the decentralized storage network that aims to provide a more efficient and cost-effective way of storing data, is shown on the list. It’s designed for file sharing and cloud computing applications, making it attractive for those needing reliable and secure data storage solutions.

Source: TradingView

Filecoin (FIL) is currently trading at 4.4157729 USD against the US dollar, a decrease of 0.0011924 USD (-0.03%) from the previous value. FILUSD has had mixed results in terms of performance. It has experienced a decline of -0.89% over the past week and -17.46% over the past month. However, the last half year has shown a rising trend of 2.68%. On a year-to-date basis, FILUSD has experienced a significant decline of -35.55%.

These five coins are just a few examples of the many Chinese cryptocurrencies that have seen significant price appreciation recently. With the right research and analysis, investors can find even more tokens to add to their portfolios.

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