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

Shocking, yet true. The China Centre for Information Industry Development (CCID) has actually released its fourth ‘Crypto project rankings’, where the top 3 placements have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th setting.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. Throughout the complying with 3 months, it included two, one as well as two coins respectively to the listing. The most recent position that it has released places EOS and Ethereum in the top two positions.

Nonetheless, the greatest shock is Komodo rising to the Third position from it’s previous position of 10. It is said to be an ambitious project which permits independent blockchain developers to start their very own task and put up an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Technique
China Electronic Devices News Agency, which is governed by CCID, claims that the position are offered based upon “A thorough investigation and evaluation of the public chain from 3 facets; basic innovation, application and technology”.

Nevertheless, the positions do not consider the monetary viewpoint, which includes the coin price, market capitalization as well as the trading quantities, which justifies why Bitcoin is not in the top placement.

Besides these, Nebulas is rated Fourth, NEO at Fifth and also Stellar at 6th. Remarkably enough, a few of the leading coins by market cap, such as Ripple, Bitcoin cash money as well as Litecoin, do not feature in the top 10 of CCID’s positions.

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