2023 China Liquidity Pump Not Priced: Crypto Investor Lark Davis
- Lark Davis thinks China’s liquidity pump in 2023 is not priced in.
- Cryptocurrency EOS is up by 25% in just 3 days.
- Experts think the rally has China’s involvement as the country approaches better crypto laws.
Cryptocurrency investor Lark Davis tweeted, “2023’s China liquidity pump is not priced in IMO!,” regarding EOS’ 25% rally in just three days.
While EOS struggled to get past its resistance range in early 2023, recent information suggests that China is involved in EOS’s rally. On January 31, Davis noted that instead of pursuing a heavy-handed ban policy on crypto, China decided to tax it at 20%.
Therefore, a strong surge in liquidity is anticipated from China, with EOS expected to absorb a prominent share. Moreover, according to a ranking conducted by the Center for Information and Industry Development of China, Chinese traders preferred EOS over other coins.
Additionally, the price of Bitcoin increased last week to a new yearly high of US$25,100 as more than US$100 billion entered the market. According to truste…
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