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 real. The China Centre for Info Market Advancement (CCID) has released its fourth ‘Crypto project rankings’, where the top 3 placements have been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking process in May, where it placed a total of 28 cryptocurrencies. Throughout the adhering to 3 months, it added two, one and 2 coins respectively to the listing. The most recent position that it has actually launched puts EOS as well as Ethereum in the top 2 positions.
Nonetheless, the largest surprise is Komodo rising to the 3rd setting from it’s previous position of 10. It is said to be an enthusiastic job which enables independent blockchain programmers to begin their own project and also installed an ICO. Likewise, a decentralized exchange gets on the cards of the project.

Ranking Methodology

China Electronic Devices News Agency, which is regulated by CCID, claims that the position are offered based on “A thorough examination and analysis of the general public chain from three aspects; fundamental innovation, application and also innovation”.

Nevertheless, the rankings do rule out the monetary point of view, which includes the coin price, market capitalization as well as the trading volumes, which justifies why Bitcoin is not in the leading placement.

Aside from these, Nebulas is rated 4th, NEO at Fifth and also Excellent at 6th. Surprisingly sufficient, several of the top coins by market cap, such as Surge, Bitcoin money as well as Litecoin, do not feature in the leading 10 of CCID’s positions.

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