Analysts: These Two Altcoins Will Be Hardest Hit by Monday’s Hong Kong Bitcoin Earthquake

Analysts have identified VeChain and Neo as the altcoins that could be most impacted by the recent developments in Hong Kong’s Bitcoin market. These tokens are seen as representative of the growing demand for cryptocurrencies in Asia, particularly among retail and fast money investors. The rise in popularity of Neo, often referred to as “China’s Ethereum,” is attributed to Hong Kong’s efforts to establish itself as a major cryptocurrency hub in the region. Additionally, the potential approval of spot ETFs for Bitcoin and ETH by Hong Kong regulators added to the positive momentum for these tokens. However, it is important to note that this analysis does not constitute financial advice.