RATE Group | VeChain and NEO Lead Chinese Coin Pumps; TRON and Ontology Follow
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VeChain and NEO Lead Chinese Coin Pumps; TRON and Ontology Follow

VeChain and NEO Lead Chinese Coin Pumps; TRON and Ontology Follow

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  • VeChain and NEO have orchestrated impressive rallies over the last few days.
  • TRON and Ontology are printing market structures that are bullish.
  • Traders weigh in and share their bullish predictions on Chinese coins.

If you bought Chinese coins when President Xi Jinping surprisingly embraced blockchain, you are very likely sitting on profits. Those profits would be magnified if you bought NEO or VeChain.

Leading the way for Chinese coins is Vechain. The cryptocurrency for supply chain management is up by a whopping 120% since Xi pivoted to blockchain. It’s followed by the “Ethereum killer” known as NEO. The crypto token is up by over 87% against the U.S. dollar.

VeChain showing strong signs of bullishness. | Source: TradingView

Although these two coins have been pretty impressive, it appears that both are succumbing to profit-taking. VeChain is down by about 4% from the recet high of $0.00670390 while NEO has given up about 3% from Wednesday’s high of $13.29. The selloff…

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