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 Details Sector Advancement (CCID) has launched its fourth ‘Crypto task rankings’, where the top 3 placements have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID began the ranking process in May, where it ranked an overall of 28 cryptocurrencies. During the adhering to 3 months, it included 2, one and 2 coins respectively to the listing. The latest position that it has launched puts EOS and also Ethereum in the leading two positions.

Nonetheless, the largest surprise is Komodo rising to the Third placement from it’s previous ranking of 10. It is stated to be an enthusiastic project which enables independent blockchain programmers to start their very own job and also set up an ICO. Also, a decentralized exchange gets on the cards of the task.

Ranking Technique
China Electronic Devices News Agency, which is controlled by CCID, states that the ranking are given based upon “A thorough investigation and also evaluation of the public chain from 3 elements; standard innovation, application and development”.

However, the positions do not consider the financial perspective, that includes the coin cost, market capitalization and the trading quantities, which justifies why Bitcoin is not in the top position.

In addition to these, Nebulas is ranked Fourth, NEO at Fifth as well as Excellent at Sixth. Surprisingly sufficient, several of the top coins by market cap, such as Surge, Bitcoin cash and also Litecoin, do not feature in the top 10 of CCID’s rankings.

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