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

Unusual, yet true. The China Centre for Information Industry Growth (CCID) has released its 4th ‘Crypto project rankings’, where the top 3 placements have been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th placement.

CCID started the ranking process in May, where it rated an overall of 28 cryptocurrencies. Throughout the adhering to 3 months, it added two, one and also two coins specifically to the listing. The current position that it has actually launched puts EOS and Ethereum in the leading two placements.

However, the largest shock is Komodo rising up to the 3rd placement from it’s previous ranking of 10. It is claimed to be an ambitious job which enables independent blockchain developers to begin their own job and set up an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Technique
China Electronics News Agency, which is controlled by CCID, claims that the ranking are supplied based on “A comprehensive investigation as well as analysis of the public chain from 3 facets; standard modern technology, application as well as technology”.

Nevertheless, the positions do rule out the monetary point of view, which includes the coin cost, market capitalization and also the trading volumes, which warrants why Bitcoin is not in the leading placement.

Apart from these, Nebulas is placed 4th, NEO at Fifth and Stellar at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Ripple, Bitcoin cash as well as Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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