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

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

Shocking, yet real. The China Centre for Information Industry Growth (CCID) has released its fourth ‘Crypto task positions’, where the top 3 settings have actually been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking procedure in May, where it ranked a total amount of 28 cryptocurrencies. During the complying with 3 months, it added 2, one as well as 2 coins specifically to the listing. The most recent position that it has launched places EOS and also Ethereum in the leading two settings.

However, the most significant shock is Komodo rising to the 3rd placement from it’s previous ranking of 10. It is said to be an ambitious project which permits independent blockchain developers to begin their very own project and put up an ICO. Also, a decentralized exchange gets on the cards of the task.

Ranking Methodology
China Electronic Devices News Agency, which is governed by CCID, claims that the position are given based upon “A detailed examination and also evaluation of the general public chain from three facets; fundamental innovation, application and also innovation”.

Nonetheless, the positions do not consider the monetary point of view, which includes the coin price, market capitalization and the trading volumes, which validates why Bitcoin is not in the leading position.

Apart from these, Nebulas is placed 4th, NEO at 5th as well as Excellent at 6th. Surprisingly sufficient, several of the leading coins by market cap, such as Surge, Bitcoin money and Litecoin, do not include in the top 10 of CCID’s positions.

© Copyright 2018. Article Dashed. Designed by Space-Themes.com.