After Hong Kong officially legalized cryptocurrencies, allowing its citizens to buy, sell, and trade digital assets, investors are becoming very “excited” about the narrative of China coin to explode. Cryptocurrency projects related to Hong Kong and China are likely to release positive news to attract more investors.
If you don’t want to miss out and are interested in “China Coin,” here is a list of the 12 best China coins for 2024 for your reference.
Contents
Top 13 Best China Coins for 2024
*** What is a China Coin? In our opinion, they should meet one of the following criteria:
- Projects serving or aimed at the Chinese and Hong Kong markets.
- Having many large investors and partners from China.
- Popular among Chinese and Hong Kong citizens.
- Founded by Chinese individuals or headquartered in China. ***
According to analysis by @layerggofficial, they also released a list of the top 10 China coins worth watching – Divided into 2 tiers:
- Tier 1 – Headquartered in China, with high performance in recent times.
- Tier 2 – Not headquartered in China, but having significant relations with China.
Next is the list of the 13 most potential China coins, selected from the above list for your reference. The order is random, with no particular priority.
Filcoin (FIL)
→ Market capitalization ranking – 58
This best China coin operates in the cloud storage sector. It is highly regarded due to two major news:
- Firstly, Binance introduced the Greenfield chain, mainly focusing on storage. For this reason, cloud storage projects in the cryptocurrency market will gain attention, thus increasing interest in Filcoin.
- Secondly, China has the largest number of cryptocurrency miners. Filecoin is actively mined and held by the Chinese.
Polkadot (DOT)
→ Market capitalization ranking – 25
Polkadot is often regarded as the most reliable currency in the cryptocurrency market. It has been developing for a long time but hasn’t focused on marketing. Moreover, the utility of the DOT token has yet to emerge.
However, they are improving the project, and the ecosystem is expanding. Polkadot has a great idea, but attention will come once it creates a useful model. This coin is very popular in China, so if cryptocurrency develops strongly in this country, Polkadot will definitely gain attention.
Alchemy (ACH)
→ Market capitalization ranking – 340
Alchemy Pay aims to connect the real world with Web 3 with a payment platform and fiat onramp/offramp. It has major partners in the crypto space like Binance and Polygon, and global partners including Visa, Shopify, popular social media app LINE, and even international banks like HSBC.
The founders of this project are Molly Zheng and Shawn Shi, Chinese individuals with extensive experience in finance and payments. Molly has held senior positions at PayPal China, HSBC China, and Mastercard China. Shawn has held executive positions at various publicly listed companies and is a partner in renowned investment funds.
Notably, it received the Hong Kong Monetary Service Operator license in Q1 2023. The company is also on track to obtain its Virtual Asset Service Provider license in Hong Kong. Therefore, as Hong Kong officially legalizes crypto, ACH is likely to be one of the most potential China coins to watch.
Vechain (VET)
→ Market capitalization ranking – 53
Sunny Lu, the founder of Vechain, was previously the Chief Information Officer of luxury brand Louis Vuitton in China. Clearly from its name, it is a China Coin.
Vechain is a famous name in the supply chain industry. VeChain currently has partnerships with multinational supermarket chain Walmart China and fast-fashion clothing company H&M, among many others, including the Chinese Government. They are also seeking to expand their potential customer base to include businesses in agriculture, automotive, and fashion. Therefore, VET is one of the most potential China coins at present.
Immutable (IMX)
→ Market capitalization ranking – 85
Some cryptocurrency projects may benefit from the security this best China coin provides by tracking transactions and making direct transactions. Their current focus is on web3 games. They are partnering with many new games. Their ecosystem is gradually becoming stronger.
They have partnered with Illuvium. IMX’s advanced technology will be used to create a new NFT collection. There will be no gas fees. They have also developed a Layer 2 scaling solution for NFTs on Ethereum. In their funding round, Tencent of China invested about 245 million USD.
Cortex (CTXT)
→ Market capitalization ranking –
Cortex is a project supporting people to develop and deploy AI programs. They use a unique Proof of Contribution (PoC), where people support the operation of the Cortex network by providing their time, expertise, and computing power (CPU, GPU). The more resources you provide to the network, the more CTXC tokens you receive as rewards.
Why did I choose CORTEX in the list of potential China coins? Because:
- Anyone interested in AI coins should keep an eye on this currency. For China, AI is always a top priority.
- The founding team of CORTEX is CHINESE, including Ziqi Chen, Weiyang Wang, Yang Yang, two of whom graduated from Tsinghua and one from Thanh Hoa – all top universities in China.
- Cortex is backed by reputable and famous investment entities in the field, such as: FBG Capital, Bitmain, Blackwater Capital, Nirvana Capital, etc. The project also collaborates with major universities, such as Thanh Hoa, California Berkeley, Shanghai Jiao Tong, etc.
Cocos BCX (COCOS)
→ Market Capitalization Ranking –
Cocos-BCX is a gaming project based in China. It is a blockchain platform that allows developers to easily create dApps. It is designed for high performance and can handle 100,000 transactions per second.
It is a project supported by Binance Labs, and thus highly rated. Other major investors include 500 Startups, OK Blockchain Capital, Ontology… In addition, it has partnership ties with Alibaba… In general, COCOS is one of the most promising China coins to watch out for at this stage.
Conflux (CFX)
→ Market Capitalization Ranking – 136
The Conflux Network, also known as the Shanghai Tree-Graph Blockchain Research Institute, is currently the only public, permissionless, and regulatory-compliant blockchain in China. Established in 2018, Conflux is a first-layer EVM-compatible blockchain operating on a hybrid PoW/PoS mechanism.
It has formed several significant partnerships recently, including collaborations with Xiaohongshu – “China’s Instagram” and China Telecom – China’s second-largest telecom operator. They have also partnered and supported various other blockchain companies, such as Shanghai’s Hedera Hashgraph (HBAR), along with most of the Chinese versions of major brands like McDonald’s China and Oreo.
CFX is a promising China coin that led this trend in the rise of February-March recently. If the China Coin trend returns, CFX is sure to once again be at the forefront of this trend.
Neo (NEO)
→ Market Capitalization Ranking – 115
You will be surprised to know NEO’s other name, the Chinese Ethereum. NEO is the third wonder of the cryptocurrency world, but it is only in China.
Its founder, Da HongFei, and Erik Zhang, indicate that the entire project is Chinese-owned.
It operates similarly to Ethereum in terms of smart contracts, dApps, digital identity verification, interoperability (NeoX), and multilingual support. NEO is currently on its way to implementing ZKP (Zero-Knowledge Proof). They are collaborating with DEX as they want to enter the decentralized finance market. It is likely that Demex-exchange will be chosen.
NEO has been performing well and is still doing so as they continuously improve their services to make it stronger for competition in Web3. Therefore, if you are looking for a good China coin, do not overlook NEO.
Selkey (KEY)
→ Market Capitalization Ranking – 2194
The Selfkey project operates similarly to a digital locker. This is where you can place your personal documents like driver’s licenses, passports, bank statements, and contracts. At the same time, they provide some financial services, including loans and credit cards.
It is known that Selkey is a Hong Kong-based company and has a large number of Hong Kong customers using its services.
IRIS Network (IRIS)
→ Market Capitalization Ranking – 2087
IRISNet is a blockchain project created by Chinese tech company Bianjie AI. It is a blockchain infrastructure that acts as a communication relay for other blockchains and their applications. Essentially, it provides an interoperability standard to connect different blockchains and allows for cross-chain data and token transfers.
Its native token $IRIS is used for delegation and staking, paying transaction fees, and voting on governance proposals. It has an annual inflation rate of 4% and no maximum supply. Periodic token burning is conducted to combat inflation.
Flamingo (FLM)
→ Market Capitalization Ranking – 1026
Flamingo is a decentralized finance platform based on the Neo blockchain. It allows users to provide liquidity to the market in the form of staking. This means you can lock your cryptocurrency in a special wallet and in return, you will receive fee rewards in the form of Flamingo’s native token, $FLM.
It was established by Chinese cryptocurrency entrepreneur Da Hongfei, who is also the creator of the Neo blockchain.
QuarkChain (QKC)
→ Market Capitalization Ranking – 615
QuarkChain is a highly scalable blockchain, using sharding to become a high-capacity peer-to-peer transaction network. Its goal is to provide a public chain that offers at least 100,000 transactions per second. It is addressing the Blockchain Trilemma by being highly scalable while still being secure and decentralized.
It was founded by former Facebook employee Qi Zhou and has many Chinese investors. Therefore, QKC should also be a China coin worth watching in this list.
Above is the list of the 13 best China coins you can consider if you want to follow the China Coin trend in the coming time. A small note is that this article only aims to provide information, and project assessment and trend projection are based on personal viewpoints. There is no guarantee that the legalization of cryptocurrency in Hong Kong will cause a significant increase in China Coin, and it’s also uncertain that the suggestions in this article will always grow. You should thoroughly research and be responsible for all your investment decisions. Wishing you wisdom and successful investments.
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