[LongHash Column] Among the top 20 tokens by market capitalization, who is the most popular in the Chinese market?

China, as one of the major forces in the cryptocurrency market, has a completely different ecosystem compared to other countries' cryptocurrency markets.

Although the Chinese government continues to show support for blockchain technology, it is not friendly towards cryptocurrency trading. On September 4, 2017, the central bank, in conjunction with seven ministries, comprehensively banned ICOs, qualifying ICOs as illegal fundraising activities, and domestic exchanges were also closed.

These restrictions may leave foreign observers with the impression that cryptocurrencies are "banned" in China, but this is not the case. There is still active OTC trading in China, and many Chinese residents have a great interest in following cryptocurrencies.

The question is: which tokens are the most popular in China? We have selected the top 20 projects listed on Coinmarketcap. By crawling the news exposure of the top 20 tokens on Jinse Finance, we can see that the exposure and market value ranking of these top 20 projects in China are not directly correlated. Next, we will briefly introduce the development of these projects in China.

BTC and ETH (CoinMarketCap Ranking 1&2)

In China, Bitcoin is undoubtedly the market leader, followed by Ethereum, just like in other regions worldwide. Both BTC and ETH have a long history in China. This article cannot cover all the details, so we will briefly outline some key events.

China was once the center of the Bitcoin world. In 2016, most