### 😱🇨🇳 Is China Unbanning Crypto? Top Analyst Recommends Altcoins to 'Stack' Before Capital Influx 🇨🇳😱
Twitter is buzzing with reports of China potentially unbanning crypto. Tech pioneer Kyle Chasse revealed that Bybit has opened registrations for Chinese users. Previously, the third-largest offshore exchange had strictly restricted Chinese users from using the platform.
Amid these reports, analyst Dylan took to the Crypto Banter channel, highlighting that China might be lifting its crypto ban. Here are the key points:
- **Bybit Registration**: Bybit, the third-largest offshore exchange, now allows Chinese users to register and authenticate, sparking bullish sentiment.
- **Market Impact**: This move could lead to a massive influx of capital into the crypto market, especially into altcoins.
### Analyst's Top Picks:
1. **$NEO **:
- **Recent Performance**: Experienced a 54% pump on April 8th and 9th due to Chinese news.
- **Current Status**: Trading below the 50-day moving average but could rise quickly with renewed momentum.
2. **$VET **:
- **Potential Moves**: First expected move is a 10% increase, followed by an 18% rise.
- **Opportunity**: Currently presenting significant growth potential among Chinese narrative tokens.
> As Dylan mentioned, patience is key—sometimes it takes days or even weeks for a token to move, as seen with #SUI or RENDER.
Let's see how this situation unfolds and if these tokens capitalize on the possible influx of Chinese capital.
