EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

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August 20, 2018 by
EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Unexpected, yet true. The China Centre for Details Industry Advancement (CCID) has launched its 4th ‘Crypto project rankings’, where the leading 3 settings have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking procedure in May, where it ranked a total of 28 cryptocurrencies. During the adhering to 3 months, it added two, one and also two coins specifically to the listing. The current ranking that it has actually released places EOS and Ethereum in the top 2 placements.

However, the largest surprise is Komodo rising up to the 3rd position from it’s previous ranking of 10. It is stated to be an enthusiastic task which permits independent blockchain developers to begin their very own project and also installed an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Method
China Electronics News Agency, which is regulated by CCID, says that the position are supplied based on “A comprehensive examination and analysis of the general public chain from 3 aspects; basic technology, application and development”.

Nevertheless, the positions do not consider the monetary perspective, which includes the coin price, market capitalization and the trading volumes, which justifies why Bitcoin is not in the leading position.

In addition to these, Nebulas is placed 4th, NEO at 5th as well as Stellar at Sixth. Remarkably enough, a few of the leading coins by market cap, such as Surge, Bitcoin money as well as Litecoin, do not feature in the leading 10 of CCID’s positions.

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