China spends tens of billions of dollars to boost stock market
This move may trigger a wave of speculation in China-themed tokens
A week ago, China announced that it would inject about $280 billion in liquidity aimed at stimulating the stock market.
The move spawned the most significant weekly candlestick performance since 2008.
Given that cryptocurrency prices tend to fluctuate with liquidity, tokens closely tied to the China theme are expected to see a wave of gains.
Next, let’s focus on the five tokens that are most likely to see a big surge.
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1）@Conflux（$CFX）
An open protocol built for DApps, finance, and the new era of Web 3.0
Cooperate with giants such as China Telecom, Alibaba Cloud, Xiaohongshu and BlockBooster
Outstanding performance in the Chinese theme boom
Statistical Overview
▷ Market capitalization: $821 million
▷ Circulating supply: 4.53 billion
▷ Total supply: 5.05 billion
▷ Fully diluted market capitalization: $916 million
Pepecoin ($PEIPEI)
Memecoin based on Ethereum, inspired by Matt Furie's "Pepe The Frog"
Known as the "Chinese version of Pepe"
Already listed on Gate, MEXC and other platforms
Statistical Overview
▷ Market capitalization: $69.5 million
▷ Circulating supply: 411 trillion (Note: The value here may change due to market conditions, please verify)
▷ Total number of holders: 42,000
▷ In addition, 17.6% of the PEIPEI supply is controlled by PEPE holders
3）Alchemy Pay（$ACH）
A leader in payment solutions that connect fiat currencies to the global economy
The founder is from China and works closely with the Conflux network
Established extensive cooperative relationships with Binance, Huobi, etc.
Statistical Overview
▷ Market capitalization: $156 million
▷ Circulating supply: 8.18 billion
▷ Total supply: 10 billion
▷ Fully diluted market capitalization: $191 million
4) Mantle (Montevideo, this may refer to a specific project or token, but please note that Mantle is not the correct translation of Montevideo and should be verified)
Aims to expand Ethereum’s L2 technology stack
Launched by Bybit founder (from China)
Treasury bills worth $2.7 billion, even more than its market value
Statistical Overview
▷ Market value: $1.97 billion (Please note that Mantle’s market value and supply are subject to verification based on the latest data)
▷ Data such as circulating supply and total supply need further verification
5) Immutable X ($IMX, the "immutable" in the original text may refer to Immutable X, which needs to be verified)
The first L2 scaling solution for NFTs on Ethereum
Backed by China's top tech company Tencent
Successfully raised more than US$322 million
Statistical Overview
▷ Market capitalization: $2.5 billion
▷ Circulation: 1.605 billion
▷ Total supply: 2 billion
▷ Fully diluted market capitalization: $3.11 billion
(Note: The above data are based on hypothetical scenarios. The actual data may be different. Please verify it yourself.)
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$BTC $ETH $BNB
