‘Chinese Coins May Explode’ Here’s the Detailed Altcoin List!

In the cryptocurrency market, the expectation that China will gradually expand in the opposite direction of the Fed has created excitement. When the positive approach towards crypto money transactions started in Hong Kong was added to this, this excitement increased exponentially. An expert shared the list of altcoin projects that meet the Hong Kong criteria.

Is China going for quantitative easing?

“There’s a new player in town!” a market expert said. He begins, noting that China’s central bank delivered its largest liquidity injection on Friday to help lift its economies from historically collapsing levels.

China has the world’s second largest economy and has recently grown about 2.2% faster than the United States. The People’s Bank of China (PBoC) is the world’s third-largest central bank with nearly $6 trillion in assets and plays an important role in global liquidity. While most analysts focus on how Fed tightening will reprice risky assets this cycle, they ignore the scale of the eastern easing. Japan (4th largest CB) + China is easily outpacing the Fed’s tightening efforts by injecting liquidity into global markets.

According to the expert, it may be more powerful when analyzing crypto markets to consider global liquidity rather than considering the US alone. The Fed is tightening (risk taking), but the world’s third and fourth largest central banks are easing, actually causing an increase in global liquidity. In this context, the expert said, “Crypto is not tied to any economy or asset, on the contrary, it is a liquidity addict. It wants the risk-hungry investor to get cash and bet on the fastest horse. It’s clear exactly what’s going to happen in China this year,” he says.

These altcoin projects meet the criteria!

The PBoC shows their willingness to play their role in stimulating the Chinese economy. Last Friday, $92 billion (net) was injected to lower borrowing rates and streamline cash flow. This is not much different from what the Fed did during the pandemic! In addition, cryptocoin.com As you follow, the speculations that the positive approach towards crypto money transactions that started in Hong Kong will spread throughout China is changing the color of the business a bit. Because, if this happens, the thought of a revival in the crypto money market and Chinese investors attacking cryptocurrencies creates a wave of excitement.

Behind this wave, “Hong Kong plans to allow its retail sector to trade larger crypto tokens.” the news lies. A crypto social media account alias db has quoted this news, sharing a list of altcoin projects that this development could impact.

Eligible large-volume virtual assets included in at least two “acceptable indices” published by at least two independent index providers. Let’s take a quick look at the crypto indices I know from start to finish and the cryptocurrencies that meet the criteria for listing in 2 independent indices.

The first of those who meet the criteria for sharing the social media account is the leading crypto Bitcoin (BTC). The list of altcoin projects that followed are as follows: Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Polkadot (DOT), Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC) and Chainlink (LINK)