What a weekend, not only will you have the extra hours to be able to find it, but you cryptoportfolio it is, in all likelihood, quite a bit of growth. And those two positive developments can be attributed to the Chinese president, Xi). This past Friday, he was positive about the blockchain. Not only in bitcoin responded, but the Chinese coins have increased very well.
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FOMO comes from China
The FOMO (fear of missing something) it may be easier to understand and to make a few more statistics for you:
the total marketcap of all the cyrptocurrency’s on the other has increased by $ 50 billion in a couple of days
this past weekend was that marketcap to 66% of bitcoin
at this time, the market for 68 percent of bitcoin
Virtually all analysts agree that FOMO is real, and it originated in China. President Xi Jinping was on a Friday, namely, positive about the blockchain, and it seems to be out the door for the cryptocurrency to be opened. He said that China should have the chance to take a leading role to play in it.
Soon bill
This weekend, the committee of 13 National people’s congress, and in less than 24 hours after the comments made by the president, it was a new cryptografiewet will be adopted. This is the beginning of the 2020 force.
The bill has been around since the end of June, clearly. the goal is to find ways to make the cryptomarkt and development, to regulate it and to make sure that it is verified to be by the Chinese state.
“The state encourages and supports research and exchange of cryptographic science, and technology to protect the cryptographic intellectual property rights, in accordance with the law, and to promote the development and innovation of the crypto science, and technology. Organizations and individuals that can provide excellent contributions to the work of the encryption is to be commended and rewarded in accordance with relevant state regulations.”
F*** ETF Bakkt, Libra
Even though Friday is the big well-known coins like bitcoin, ether, and litecoin really hard up, went to the now, the Chinese coin that is superior to write numbers. And the sentiment is from China, and that their influence is many times greater is the Bakkt, Balance, and a potential Us approvals for etfs.
Ahahahahahhaha, however, on the Chinese in CT
“Fuck INDEX, fuck Bakkt, to hell with Balance, none of these BREAKFASTS will pump only, we are China pump, with real money, and the only way to “pump”
(excuse me for the F word… try my best to translate from a very Chinese tube)
— Airlines 以德服人 Wan ? ? (@DoveyWan) as of October 28, 2019
Dovey Wan is a well-known translator in cryptotwitter. She writes a lot about the Chinese side of the cryptocurrency.
Altcoins are coming up in the east
The coins are from the eastern part of the world, have a great show, and it remains to be seen whether these preliminary stop growing.
That was the NEO’s last week, with a price tag under $ 7. However, the Chinese Ethereum increased by more than 70%, and it is now just about $ 12.
Ontology (ONT) is a Chinese blockchainproject, with the corresponding coin. The value is doubled for this weekend, from 55 cents to 1.10 dollars.
Altseizoen, it seems that some of the coins are well underway. The Chinese Bytom (BTM) is a three-year wasrde now. From 5 cents to 19 cents in just one weekend. Also, in the past 24 hours, the coin has increased by 90%.
A well-known one is TRON (TRX), and the corner of One’s Sun. That’s 1.5 cents to the 2 cents, rose. This puts HER in the top 10 on Coinmarketcap.
VeChain (FAT) is a computer that performs well and, as you might have guessed, was also of Chinese origin. In the past 24 hours, it is VeChain has increased by 17%.
Price isn’t everything
At the time of the increase, it is usually done with a critical eye. This past weekend, it was Mark Zuckerberg was still questioned by the Us senate. And he hammered on it and that there is an American variant to come, to stand up to the Chinese, with plans for its own digital currency. That was a lot of focus on it. But my Facebook still have a gram of it, and so did David Marcus also. He has been the project manager on Facebook’s Balance and tweette:
?https://t.co/gUMubh8Y29
— David Marcus (@davidmarcus) as of October 25, 2019
But it is not just coming from the angle of Facebook, it was a reply. Many people ask the question as to whether the words of President Xi, however, is really good for the cryptocurrency.
The Odds of China supporting the public blockchains with tradeable tokens that can be used for speculation and moving money out of China, bypassing capital controls,…, are close to zero.
China is not interested in decentralization, but in the control panel. Private blockchains don’t need the tokens.
— Alex Krüger (@krugermacro) as of October 27, 2019 at the latest