10 Top China Coins Ready To Skyrocket For 2024

This move from Hong Kong to legalize crypto has given wings to many China-based coins. From Filecoin and Polkadot to Conflux and VeChain, all these coins are witnessing a massive price surge within a week. Let’s dig into the details of these China-based coins and their performance so far.

Neo is often referred to as the “Ethereum of China”, and a leading cryptocurrency with strong ties to China’s rapidly developing blockchain industry. It aims to digitize assets and automate the management of digital assets through smart contracts. The platform supports a wide range of programming languages, making it accessible to a broader developer community. As of 2024, NEO has secured a market capitalization of over $714 million, showing strong trust and its potential for future growth.

It has collaborated with key industry players like Microsoft and the Blockchain-based Service Network (BSN), enhancing its technological infrastructure and market reach. Additionally, NEO’s dual-token system, which includes NEO and GAS, provides unique benefits such as staking rewards and transaction fee payments, adding to its attractiveness as an investment. With China’s focus on blockchain innovation and digital economy, NEO is well-positioned to capitalize on these trends, making it an attractive investment opportunity for the investors.

Huobi, a premier international cryptocurrency exchange owned by Justin Sun of Tron, has set its base in Hong Kong. Established in China, Huobi is known for its substantial services, it was the first platform to introduce margin trading and enrich the customers’ experience with exciting solutions such as Huobi Wallet. JD.com, the Chinese e-commerce giant, and CITIC group, the Chinese state-owned conglomerate, into its fold also contribute to its dominance in China’s emerging financial sector.

Huobi’s price at the time of writing is $0.4801, with a market capitalization of $77,886,416. Its 24 hour trading volume stands at $313,564. At the same time, the circulating supply is approximately 162.23M HT.

Filecoin is a public cryptocurrency and decentralized storage system that aims to “store humanity’s most important information.” FIL turned in one of the largest price increases in the past seven amid the upcoming release of the Filecoin Virtual Machine (FVM).

At the time of writing, the price of Filecoin was trading at around $4.18, with a 24-hour trading volume of $147.08M (up by 67.45%). Remaining strong at the 34th position, FIL has achieved a surge of 7.3% within a week.

China’s only public blockchain, Conflux’s native cryptocurrency CFX has seen a significant surge in value, increasing over 366.10% in the past seven days, according to CoinMarketCap. Created in 2018 by a renowned Chinese computer scientist, Dr. Andrew Chi-Chih Yao, Conflux is a layer-1, permissionless blockchain that operates out of China.

Conflux’s price at the time of writing is $0.1417, with a market capitalization of $599,496,752 and a 24-hour trading volume up by 9.64%. Now it stands at $26.13M. At the same time, the circulating supply is approximately 4,232,510,801 CFX as per the crypto market tracker CoinMarketCap.

The EOS coin is the native token of the EOSIO network, an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. It is a Delegated Proof of Stake (DPoS) network that has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

The EOS Network is attractive and straightforward that helps users acclimate to the blockchain. The price of EOS is currently trading at $0.5293 with a 24-hour trading volume of $66.23M. It has surged by nearly 3.3% during the last seven days.

Polkadot (DOT) has outstripped top crypto assets over the past week as the digital asset market continues its attempted recovery. DOT is the governance token of the Polkadot network, a leading technology that enables several blockchain networks to exchange data and assets in real time. It also boosts efficiency and reduces barriers to entry for new users and developers.

At the time of writing, Polkadot’s price at the time of writing is $5.95 with a one-day trading volume of $134,783,090. It has increased by nearly 3.2% in a week. With a market capitalization of $8,559,638,574, the circulating supply of Polkadot is approximately 1,437,953,431 DOT as per the crypto market tracker

Launched about seven years ago, VeChain has been expanding its ecosystem as new dApps and solutions arrive. It exists to disrupt traditional business models by providing a decentralized trust layer for multi-party ecosystems and has already seen major successes with high-profile clientele and government bodies.

VeChain price at the time of writing is $0.02689 (up by 14.83% in a week), with a market capitalization of $2,179,660,383. At the same time, the circulating supply is approximately 80,985,041,177 VET as per the crypto market tracker CoinMarketCap.

As per the announcement, all centralized cryptocurrency trading platforms operating in Hong Kong must be licensed with the regulatory body. Guess what? It turns out the US isn’t the only global financial superpower that is capable of shaking down the markets. As reported earlier, China’s central bank, the PBoC injected $92bn USD into the market on Friday, which outplaces the US Fed’s current quantitative easing efforts.