Recently China's President Xi supported Blockchain Publicly by stating "Seize the opportunity afforded by Blockchain technology ".
After that, the entire Nation of China became bullish on Bitcoin and Blockchain which was reflected by the We-chat search volume Soaring up like never before.
This was followed by the government announcing educational courses on Blockchain and Bitcoin
This has lead to a lot of attention in the Chinese crypto currencies like
Neo, Ontology, Vechain, Tron etc..
So should we take this opportunity to buy these crypto currencies or is it just because of a short term hype?
NEO
In my opinion, you shouldn't buy any Crypto currency just because it is based on China.
but we can focus on these Chinese Crypto currencies like Neo which is showing some good price action now.
So I am actually paying close attention to Neo.
Vechain (VET)
Vechain is actually pretty much over bought in the short term but still with china being so bullish on Blockchain it is a good project to hold in the Long-Term.
I would wait to have entry at a lower price range but it is a good project to look into.
If you have found value in this content leave an Upvote.
You can Follow me HERE.
Thank you.