China will start its new year celebrations this week. The transition to the new year may be a good period for many Chinese to start buying and selling digital currencies.
China has already banned cryptocurrencies, as many prevailing exchanges in the country are not operating. However, it is estimated that the Chinese are among the largest encryption buyers, especially with decentralized exchanges (DeX).
Dex exchanges are different from CEX platforms, which require one to complete the KYC checking before the laboratory. Instead, they only ask to deliver their portfolios for trading. Therefore, here are some of the best altcoins for purchase before the new Chinese year.
A summary of the best altcoins for purchase
Some of the best encryption to buy before the new Chinese year is Conflux, Antology, Vechain and Galgorand.
Conflux (CFX)
Conflux is a relatively appreciated Chinese coercion project in the past few months. It crashed from a height of $ 0.5490 in March 2024 to the current $ 0.1480.
The main catalyst for Conflux is that developers have presented major partnerships, including a leading telecommunications company in China.
It also formed the 3 -bottle chart style, which appears in green above. This is a sign that investors are afraid of the currency default under this level. The neckline for this style is $ 0.2700.
Therefore, the currency is likely to recover this year, with the next point of up to $ 0.2700, which is 85 % higher than the current level.
Antology (ON)
Antology is one of the best Chinese altcoins. Founded in 2017, it aims to become a major player in the first layer industry. While this goal has not yet been achieved, based on its techniques, it is a good encoding for purchase.
The daily chart shows that the ON Code remained under pressure, as it decreased from $ 0.400 in December to $ 0.2136.
He also struggled to move without the rising trend line, which connects the slightest swing since August last year. This is also a sign that it has formed a three -bottle scheme, which will lead to more gains.
Read more: Ontology sees an increase in activity on the chain amid the adoption of the growing decentralized identity
Fishin (veterinarian)
Vecchain Price has crashed in the past few months. He decreased from $ 0.080 in November to $ 0.043 today. It also formed the pattern of the downtown science scheme, pointing to more negative aspect in the short term.
On the positive side, the veterinarian price has found strong support on a 100 -day moving average. It also formed a cup style and a planned handle, which is likely to lead to more bullish trend in the next few months.
Vicein is also famous for pumps and dumps, as the current accident was a good opportunity to buy DIP.
Algo (Algo)
The Khawsaf, unlike the other three, is not a Chinese encryption. It is one of the best metal currencies for encryption with a great possibility to do a long -term job. One of the stimuli in the coin is that it remained above the averages of the lower movement for 50 days and 100 days (EMA), a sign that the upward trend is still intact.
Daily chart does not do justice to justice for the price of algorithm. The weekly graph shows that the currency has moved to the accumulation stage of Wyckoff theory. It has also moved to the second stage of the ELLIOT wave style.
Therefore, there is a possibility that the price of the Kwarzaf will recover later this year and possibly re -test the main resistance point at $ 1.0.
Another encryption for purchase before the new year in China
There are many other encryptions for purchase before the new Chinese year. The most prominent are Solana, XRP, ONDO Finance, Stellar Luments and Hedra Hashgraph.
Post Altcoins to Buy: 4 Crypto for purchase before the new Chinese year first appeared on Invezz
