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

Surprising, yet true. The China Centre for Information Industry Growth (CCID) has actually released its fourth ‘Crypto task positions’, where the leading 3 positions have been taken by EOS, Ethereum and also Komodo. Bitcoin is at the 10th position.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. Throughout the following 3 months, it added two, one and also two coins respectively to the listing. The latest ranking that it has actually released puts EOS and also Ethereum in the top two settings.

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

Ranking Methodology
China Electronics News Agency, which is controlled by CCID, says that the position are offered based on “An extensive examination as well as analysis of the general public chain from 3 elements; standard technology, application and also technology”.

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

Apart from these, Nebulas is rated Fourth, NEO at 5th and also Outstanding at 6th. Surprisingly enough, some of the leading coins by market cap, such as Surge, Bitcoin cash as well as Litecoin, do not include in the leading 10 of CCID’s positions.

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