China is injecting billions to pump its stock market
This could bring a lot of hype to Chinese narrative tokens
🔶 A week ago, China announced to inject around $280B in liquidity to pump its stock market.
🔶 This resulted in the biggest weekly candle since 2008.
🔶 As we know, the crypto prices follow liquidity, so tokens related to Chinese narrative could pump next.
🔶 Now, let's start with the 5 tokens that have the highest chance of making big moves.
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1) @Conflux ( $CFX)
🔶Open protocol for a new world of DApps, finance and Web 3.0
🔶 Partnered with China Telecom, Alibaba Cloud, Little Red Book, and BlockBooster
🔶 Pumps big during Chinese narrative
Stats
▶️ Market Cap: $821 Million
▶️ Circulating Supply: 4.53 Billion
▶️ Total Supply: 5.05 Billion
▶️ Fully Diluted Valuation: $916 Million
2) Peipei ( $PEIPEI)
🔶 Memecoin on Ethereum based on Matt Furies famous "Pepe The Frog"
🔶 Called "Chinese Pepe"
🔶 Listed on Gate, MEXC etc.
Stats
▶️ Market Cap: $69.5 Million
▶️ Circulating Supply: 411 Trillion
▶️ Total Holders: 42,000
▶️ Also, 17.6% of $PEIPEI supply is held by $PEPE holders
3) Alchemy Pay ( $ACH)
🔶 Payment solutions provider that connects fiat and global economies
🔶 Founder origins are from China, partnered with the Conflux Network
🔶 Have partnerships with Binance, Huobi etc.
Stats
▶️ Market Cap: $156 Million
▶️ Circulating Supply: 8.18 Billion
▶️ Total Supply: 10 Billion
▶️ Fully Diluted Valuation: $191 Million
4) Mantle ( $MNT)
🔶 L2 technology stack for scaling Ethereum
🔶 Launched by Bybit founder who is from China
🔶 Treasury is worth $2.7B, even higher than MCap
Stats
▶️ Market Cap: $1.97 Billion
▶️ Circulating Supply: 3.26 Billion
▶️ Total Supply: 6.219 Billion
▶️ Fully Diluted Valuation: $3.74 Billion
5) Immutable ( $IMX)
🔶 1st L2 scaling solution for NFTs on Ethereum
🔶 Backed by Tencent, one of the biggest Chinese tech companies
🔶 Raised over $322 Million
Stats
▶️ Market Cap: $2.5 Billion
▶️ Circulating Supply: 1.605 Billion
▶️ Total Supply: 2 Billion
▶️ Fully Diluted Valuation: $3.11 Billion
That's the wrap!
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