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China has just made a huge move in the market, injecting 280 billion dollars into stocks.
This caused the biggest weekly rise since 2008, and naturally the crypto market is watching.
With liquidity of this size circulating, Chinese cryptocurrencies are starting to attract attention, especially those with real connections to the Chinese ecosystem.
It's worth paying attention to five projects that seem well positioned at this moment.
Conflux is one of them - works with DApps, finance, and Web3, has partnerships with China Telecom, Alibaba Cloud, and other major names.
The market cap is now at 312 million, quite different from before.
Pepe, that meme coin that became a craze, is also in the conversation - it has risen a lot and is listed on major exchanges including Gate.
The market cap now is 1.68 billion, quite different.
Alchemy Pay is another that deserves attention - connects fiat currencies with crypto and has strong ties to China through its founder.
It is currently valued at 35.91 million in market cap.
Mantle is interesting because it uses L2 technology to scale Ethereum and has a treasury that exceeds its market cap - a sign of financial health.
Cap at 2.1 billion.
And there’s Immutable too, the first L2 solution for NFTs on Ethereum, supported by a major Asian tech giant, well positioned for the growth of the region’s tech ecosystem.
The point is that these Chinese cryptocurrencies represent more than just tokens - they are ways to participate in a larger movement where economic policy and digital assets are connecting.
Of course, crypto is always volatile and nothing is guaranteed, but when liquidity enters the market like this, projects with real connections tend to gain prominence.