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As we’re sure you’ve seen, cryptocurrencies and blockchain technology have become very popular over the past decade, gaining ground in all markets, including Asia. It is for this reason that numerous exciting cryptocurrency and blockchain projects are currently being developed in Asia, having the ability to have a significant impact on a variety of industries.
Here, we’ll show you three of the most exciting cryptocurrency projects to have come out of Asia in recent years. If these have inspired you and you’re looking to get ahead of the curve when it comes to presales for the next best Asian cryptocurrencies, you can read more here.
In case you’re unaware, NEO is a blockchain platform developed in China and was launched in 2014, although it is sometimes known as Antshares, which is its old name. Referred to as the “Chinese Ethereum” by many because of how similar they are, NEO was the first large-scale blockchain project to be released in China. With a proof-of-stake consensus mechanism and the ability to support smart contracts, NEO clearly has a lot of potential and should be watched with interest.
Despite China not having a free market, as we can see in the West, NEO is interesting to investors because it was a strong focus on enterprise adoption. The NEO technology is still being developed, but it already has numerous partnerships with major Chinese businesses. China appears keen to get ahead of the blockchain curve, with attitudes towards cryptocurrencies seeming to soften in Beijing.
As of June 2023, NEO has a market capitalisation of over $615 billion and a price of around $8.70 per coin.
Like NEO, VeChain is an Asian blockchain project. It was founded in Singapore way back in 2015 and has a strong focus on supply chain and product management, using RFID technology to make the supply chain process more transparent and accountable.
Unlike many projects that are yet to demonstrate real-world value, no matter how interesting, VeChain has a number of real-world applications that have value. As it stands, VeChain is currently being used by a number of luxury brands to track the authenticity of their products.
As of June 2023, VeChain has a market capitalisation of over $1.39 billion and a price of around $0.019 per coin.
The newest inclusion on our list, Conflux is another Chinese blockchain project that was launched in 2018, focussing on decentralised applications with high-performance capabilities. Like NEO, Conflux uses a proof-of-stake consensus mechanism, while it also supports smart contracts.
Having a focus on decentralised applications (dApps), it has a number of key features, including a low transaction cost and the ability to process numerous requests simultaneously. Despite being a high-performance project, it also uses sustainable technology and is energy efficient.
As of June 2023, Conflux has a market capitalisation of over $612 million and a price of around $0.2 per coin.
Countless cryptocurrency and blockchain projects are of great interest, with many being developed in Asia. The future for projects coming out of Asia looks bright, with China positioning itself to be a key player in the digital currency market. There’s no way we can predict how the market might move in the future, but by doing your research and watching the market, you’ll always stand a better chance of getting the results you want.
