Story from Markets After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next
Rallies in GameStock (NYSE: GME) shares as well as dogecoin (DOGE) and bitcoin (BTC) are piquing the betting interest of traders in China as much as they are in the United States.
On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency will be next to get a major pump after dogecoin and bitcoin jumped in recent days.
"Were it not that Ripple was struggling with its lawsuit, the next token being pumped by the retailers in the U.S. could have been XRP," according to one Weibo account holder with nearly 40,000 followers. "Many newcomers to crypto only look at prices and names, and they do not care how many times this particular token has taken away people's money or whether it is highly centralized."
On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency will be next to get a major pump after dogecoin and bitcoin jumped in recent days.
"Were it not that Ripple was struggling with its lawsuit, the next token being pumped by the retailers in the U.S. could have been XRP," according to one Weibo account holder with nearly 40,000 followers. "Many newcomers to crypto only look at prices and names, and they do not care how many times this particular token has taken away people's money or whether it is highly centralized."