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RE: Chinese Altcoins Failing

in #bitcoin6 years ago

There definitely seems to be a trend among a lot of these particular Chinese alt coins. Neo has taken a battering the last few days and that also has not helped the situation. However, this also seems to be happening to most other alt coins (chinese or not). Most of these coins are also operating in rather niche markets too as well as also being exchanged on Kucoin which has also seen a huge drop in volume the past few weeks. IMO once we see Bitcoin reach similar heights as it was in the last bull market I could see a lot more interest returning to these particular altcoins. The introduction of more DEX's aimed at the Neo blockchain (Switcheo and NEX) will most certainly increase the liquidity as well. For me this is just a matter of time until some of these Alt coins return to previous ATHs. Great Post though! @the.dude