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 Information Market Growth (CCID) has released its 4th ‘Crypto task positions’, where the top 3 positions have actually been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th position.

CCID began the ranking procedure in May, where it rated a total amount of 28 cryptocurrencies. During the following 3 months, it included 2, one and two coins respectively to the listing. The most recent ranking that it has actually launched places EOS and Ethereum in the leading two placements.

Nonetheless, the greatest shock is Komodo rising to the 3rd position from it’s previous ranking of 10. It is said to be an ambitious job which allows independent blockchain programmers to start their very own job as well as put up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is controlled by CCID, claims that the ranking are offered based upon “A detailed investigation and also examination of the public chain from three elements; basic modern technology, application as well as development”.

Nonetheless, the positions do rule out the monetary perspective, which includes the coin price, 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 Fourth, NEO at 5th and also Outstanding at Sixth. Remarkably enough, a few of the leading coins by market cap, such as Surge, Bitcoin cash money and also Litecoin, do not include in the leading 10 of CCID’s positions.

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