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 Information Sector Growth (CCID) has actually launched its 4th ‘Crypto project rankings’, where the top 3 settings have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th position.

CCID started the ranking process in May, where it rated an overall of 28 cryptocurrencies. During the adhering to 3 months, it added 2, one as well as two coins specifically to the listing. The most recent ranking that it has actually released puts EOS and Ethereum in the top two placements.

However, the largest shock is Komodo rising up to the Third position from it’s previous position of 10. It is claimed to be an ambitious project which allows independent blockchain developers to start their very own task and also installed an ICO. Also, a decentralized exchange is on the cards of the job.

Ranking Method
China Electronics News Agency, which is controlled by CCID, claims that the position are provided based on “An extensive examination and assessment of the public chain from 3 facets; fundamental modern technology, application and development”.

Nonetheless, the rankings do not consider the financial viewpoint, that includes the coin rate, market capitalization as well as the trading quantities, which validates why Bitcoin is not in the leading position.

In addition to these, Nebulas is ranked 4th, NEO at Fifth and also Stellar at 6th. Remarkably enough, several of the top coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not include in the top 10 of CCID’s positions.

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