After Bitcoin, Chinese altcoins rising sharply, NEO rises 40%, TRON TRX 30%, 45%, QTUM 40%!
Chinese President Xi Jinping did not only pump the Bitcoin price the other day with his announcement on blockchain technology.
Indeed, Chinese altcoins have risen enormously following this announcement like NEO, TRX, ONT, QTUM, IOST, NULS, VET, WTC, COS, …
NEO, which some people call the Chinese Ethereum, has risen by almost 50% since its October 26 price!
The Chinese president has indeed called on China to focus on blockchain technology for the development of future industrial innovations in the country.
China has many famous crypto projects and blockchains as those mentioned above knowing that China is known to develop its own technology projects so as not to depend on foreign countries like the United States in particular.
China which has its equivalent of Google, Twitter, Whatsapp, Facebook, etc…
These Chinese cryptocurrencies have seen their price rise impressively.
- The NEO price rises from $8.8 the other day to $13.43 as the Asian market awakens!
- The Tron TRX price too, knowing that there will be an announcement by its CEO Justin Sun this week.
The TRX token price went from $0.016 the other day to $0.022 this morning!
- The Ontology price also explodes, Ontology is a crypto project that also belongs to NEO.
The ONT price went from $0.63 to $1.18 this morning on the Asian market!
It is therefore an explosion of prices for the Chinese altcoins thanks to the declaration of the Chinese president.
Vechain, WaltonChain, Ontology, Tron, IOST, QTUM, NULS, Contentos are enjoying a moment of grace with this announcement from China that highlights blockchain technology and its crypto projects.
China intends to take a leading position in blockchain technology while the United States harass Mark Zuckerberg and his Libra project.
China also plans to launch an equivalent of Libra, a Chinese national cryptocurrency.
The crypto market saw some recovery, the other altcoins which are also rising but clearly to a lesser extent compared to the rise in prices of Chinese altcoins!
We will see if this uptrend is confirmed and in particular for Bitcoin BTC because any fall in the first cryptocurrency would lead to lower prices of altcoins of course.
A bitcoin BTC price, which has stabilized around $9,500, tried to get back above $10,000 without getting there.
We are waiting to see what direction it will take after its masterful pump the other day.
