China has just made a massive injection into its financial market, and this has significantly affected investor sentiment. Naturally, when liquidity enters traditional markets, some of it tends to migrate into the crypto universe, especially projects with connections to the Asian country. I’ve started to follow some cryptocurrencies that seem well-positioned in this context.

Conflux is one that catches attention. It has interesting partnerships with names like China Telecom and Alibaba Cloud, and is focused on DApps and Web3. Its market cap is around $280 million today, quite different from before. Pepe is also on my list, that meme coin that went somewhat viral. It’s listed on several exchanges and now has a much larger market cap, reaching $1.42 billion.

Those working with payments also deserve attention. Alchemy Pay connects fiat currencies with crypto and has ties to the Chinese market. Its market cap is around $31 million at the moment. Mantle is another that interests me, especially because of the L2 technology it offers and the treasury it has accumulated. Its market cap is at $2.27 billion.

Finally, there’s Immutable, which is the first L2 solution for NFTs on Ethereum and has support from tech giants. These Chinese cryptocurrencies seem to reflect the country’s economic movements well and the growth of its digital sector. Of course, any crypto investment carries risks, but the current moment seems interesting for those wanting to follow the development of this narrative.