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 Market Development (CCID) has released its fourth ‘Crypto project positions’, where the top 3 positions have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th position.

CCID started the ranking procedure in May, where it rated a total of 28 cryptocurrencies. During the adhering to 3 months, it added two, 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 placements.

However, the greatest surprise is Komodo rising up to the 3rd setting from it’s previous position of 10. It is stated to be an enthusiastic job which permits independent blockchain designers to start their own job as well as put up an ICO. Additionally, a decentralized exchange gets on the cards of the task.

Ranking Approach
China Electronics News Agency, which is governed by CCID, says that the position are supplied based on “An extensive investigation and assessment of the general public chain from 3 elements; standard modern technology, application and advancement”.

Nevertheless, the positions do not consider the monetary point of view, which includes the coin cost, market capitalization and also the trading quantities, which warrants why Bitcoin is not in the leading setting.

Besides these, Nebulas is rated Fourth, NEO at Fifth and Stellar at Sixth. Surprisingly sufficient, several of the top coins by market cap, such as Surge, Bitcoin money and Litecoin, do not include in the top 10 of CCID’s rankings.

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