"Hong Kong is actually open minded to crypto as well."
Some of China's cryptocurrencies received a lot of attention last week after Hong Kong officially announced that it will make the buying, selling and trading of digital assets fully legal for all residents on June 1, 2023.
Holders of Filecoin (FIL), Conflux (CFX), VeChain (VET), NEO and QTUM cryptocurrencies have the potential to earn handsome profits in the near term.
This is because Hong Kong's announcement that it wants to legalize crypto trading for its residents to have a positive impact on digital assets is mentioned after most analysts and crypto influencers have tweeted about it.
An analyst and crypto trader named Miles Duetscher reportedly shared the list of Chinese cryptocurrencies because he is confident that the price can rise little by little until June 2023.
One of the main factors driving the price of digital assets to increase massively is due to Chinese content creators and developments in their respective crypto projects.
Like to be informed that crypto investors in China are growing in narrative* in 2023 after the existence of ChatGPT or metaverse.
*A coin, protocol or product, which will attract attention and attract buyers.
In addition to Hong Kong's crypto plans, crypto experts on Twitter view the injection of liquidity by the People's Bank of China (PBoC) as coinciding with its goal to further increase the market capitalization of digital assets.
Experts are confident that some of the Chinese cryptocurrencies will climb higher in the short term plus the PBoC's move is usually followed by a surge in the price of digital assets.
