In the past, China’s policy towards cryptocurrency has often been quite strict, which has gone from bad to worse until now. For example, we have already experienced various restrictions in which the government of China partially or even completely banned certain parts of the crypto market.
Despite the fact that Bitcoin has been around since 2009, Chinese investors only really took an interest in crypto in 2011. We saw China’s first Bitcoin exchange go live around this time, which was developed by Bobby C – the brother of the one and only Charlie C (the founder of Litecoin).
From 2011 to 2013, we saw interest in Bitcoin and other trending cryptocurrencies booming in China, where several companies welcomed Bitcoin payments with open arms.
At the same time, China also got behind the consensus model of Bitcoin (Proof-of-Work), which helped crypto mining to take off quickly in the country. Large crypto mining organizations were started such as Bitmain, which is one of the largest developers of Bitcoin mining equipment to date.
Unfortunately, we also saw the first restrictions from the Chinese government on Bitcoin and crypto in general. It initially started with new regulations for cryptocurrency transactions at financial institutions, such as The People’s Bank of China (PBC).
In 2017, the following restrictions came into play when China banned crypto ICOs, where most recently in 2021 we saw another general ban on mining and trading cryptocurrencies.
Despite this, Chinese cryptos still remain very attractive for a number of important reasons.
- We still see that Crypto is very popular in China among investors, as Chinese crypto exchanges have moved to other countries and are still helping a very large group of Chinese investors to crypto here.
- The market for Chinese crypto coins is huge. More than 1 billion people live in China alone, giving Chinese crypto a huge audience.
- China’s best performing and trending crypto continues to be popular crypto coins, such as Bitcoin, Ethereum, Cardano, Litecoin, Ripple and a number of other interesting new projects.
- The government of China is active in other forms of crypto, including Web 3.0 solutions such as metaverse projects. Consider, for example, an official central bank digital currency (CBDC) in the form of a digital yuan.
So China may have imposed some restrictions on crypto, but the public still has an interest in these digital assets and the government itself is also working hard on various implementations of crypto, such as the metaverse and CBDCs.
Investing in Chinese crypto coins right now can therefore be a very interesting long-term investment opportunity.
Are Chinese Cryptocurrencies the Best Altcoins to Buy Right Now?
Many of the trending crypto projects of the moment, such as Bitcoin and Ethereum, have already had their day when it comes to making an investment.
If you are interested in Chinese crypto coins, it is best to look at new interesting projects. By investing in a crypto presale project even before the exchange listing, the potential for huge returns is still possible.
- Wall Street Memes – Interesting meme coin with a big movement behind it
- Launchpad.xyz – All-in-one platform for Web3.0 developments
- yPredict – Ai trading platform for crypto traders and investors
>>> Now to the Wall Street Memes Presale <<<
Analysis Best Altcoins To Buy Now
Below we will discuss the best Chinese crypto coins at the moment. We will do this on the basis of a short story about the different tokens. However, it is good to remember that as an investor you should always do your own thorough research into a crypto project before you make an investment.
Particularly crypto presale projects or new innovative cryptocurrencies come with a risk of losing all or part of the investment. On the other hand, the chance of an extremely high return is also present.
That said, let’s take a look at the best new Chinese cryptocurrency right now: Wall Street Memes!
Wall Street Memes – Interesting meme coin with a big movement behind it
Wall Street Memes is a new crypto coin that has recently received a lot of attention from investors and other crypto enthusiasts. After interesting meme projects such as Dogecoin, Pepe and Shiba Inu, it is now Wall Street Memes’ turn – where it is expected that this token will do even better than these meme coins.
This promising meme token was born out of the Gamestop saga, where the Reddit community went head-to-head with the bigwigs on Wall Street and won! Naturally, this movement saw an enormous growth in popularity and participants, which has made the name recognition of this movement enormous.
Wall Street Memes wants to capitalize on this success and tocanize this movement in the form of the $WSM token. The aim of this is to go down in history again as a project where the ‘ordinary’ man took on the institutional investors and walked away with the profit.
Anyone can participate in the project and only need to purchase tokens through the presale of the project. To date, this presale has been very successful, raising more than $5.5 million in just a few weeks!
At the moment, the $WSM token can be purchased for $0.028 each, where the price will rise to $0.0283 in the next phase. The price is only expected to increase as more investors learn about the token – so be quick!
>>> Now to the Wall Street Memes Presale <<<
Launchpad.xyz – All-in-one platform for Web 3.0 development
Launchpad.xyz is another trending crypto project that may turn out to be a very good investment in the future. The project is certainly interesting for China, as it makes the Web 3.0 market more accessible to everyone.
The platform aims to bring everything related to Web 3.0 together under one roof. Launchpad.xyz is a completely impartial platform in this regard that just wants to give some kind of boost to new projects. Think of NFT collections, play-to-earn games, Metaverse projects and much more.
Investors, traders and users will have the opportunity to become successful within the Web 3.0 space through the platform. For example, Launchpad can be used for analytical purposes, but also for creating strategies to successfully invest in the best Web 3.0 projects. For example, think of finding the next $PEPE coin!
Within the platform, the native currency $LPX is central, which is a true utility token with various use cases. The token can be purchased with, among others ETH, BNB, USDT or bank transfers. The current price of 1 LPX is only $0.0445 where the price will rise to $0.046 in the next presale phase.
In total, more than $900,000 has already been raised in the presale, so be quick!
>>> Now to the Launchpad XYZ Presale <<<
yPredict – Ai trading platform for crypto traders and investors
yPredict is the last of the Chinese crypto coins we will discuss. The project uses the power of artificial intelligence (also known as AI) to analyze and predict cryptocurrency prices. It is therefore ideal for investors who find it difficult to read the prices and act on them correctly.
yPredict’s platform is advanced and designed to really help investors make choices. Think of complex algorithms that provide predictions for, among other things, prices, market trends, sentiment and much more.
Investors using yPredict therefore have information from hundreds of different crypto projects and Chinese crypto coins, including Bitcoin, Ethereum, Cardano, Dogecoin and many others. The charts, indicators, metrics and other tools give investors an excellent picture of how the market is doing right now – enabling them to make informed choices.
We are currently in the sixth presale phase, where the token can be purchased for $0.09 each. At the next stage, the token will rise to $0.10 and during the listing on the first crypto exchange, the price will be $0.12 each. So be quick and take advantage of this unique opportunity for an investment in a trending crypto at the earliest stage.