China’s Alleged Unbanning of Crypto Sparks Bullish Sentiment: Analysts Eye NEO, VET, CFX, and XIBA

China’s Alleged Unbanning of Crypto Sparks Bullish Sentiment on Twitter

In a surprising turn of events, Twitter is currently buzzing with alleged reports of China’s unbanning of cryptocurrency trading. Tech pioneer Kyle Chasse took to social media to reveal that Bybit, the third-largest offshore exchange, has opened registrations for Chinese users. This move comes as a shock to many, as Bybit had previously strictly prohibited Chinese users from using the platform.

Analyst Dylan further fueled the excitement on the Crypto Banter channel, suggesting that China’s potential unbanning of crypto could lead to a surge in bullish sentiment. With Bybit now allowing registration and authentication for Chinese users, the market is brimming with anticipation for the influx of capital that could pump various cryptocurrencies, including altcoins.

Dylan highlighted NEO as a cryptocurrency to watch, noting its recent significant pump coinciding with Chinese news. He also pointed out VET as another token with potential for growth, predicting a 10% increase followed by an 18% move. Additionally, he mentioned CFX as an old favorite in the Chinese narrative space, which recently broke above its 50-day moving average, indicating a potential upward trend.

The analyst also briefly touched on XIBA, a new meme coin similar to Shiba Inu, which has seen significant growth in market cap. With the Chinese narrative potentially continuing, XIBA could see further growth in the future.

As the crypto market reacts to these alleged reports of China’s unbanning, traders and investors are eagerly watching for potential opportunities and movements in these tokens. Stay tuned as the situation unfolds and see how this news could impact the cryptocurrency market in the coming days.