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 Information Sector Development (CCID) has actually launched its fourth ‘Crypto task positions’, where the top 3 placements have been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th placement.

CCID began the ranking procedure in May, where it ranked an overall of 28 cryptocurrencies. Throughout the complying with 3 months, it included 2, one and also 2 coins respectively to the listing. The most up to date position that it has actually released puts EOS and also Ethereum in the top two positions.

However, the largest shock is Komodo rising up to the Third position from it’s previous ranking of 10. It is said to be an enthusiastic job which permits independent blockchain programmers to start their very own project and set up an ICO. Additionally, a decentralized exchange gets on the cards of the project.

Ranking Method
China Electronics News Agency, which is governed by CCID, claims that the position are offered based on “A detailed investigation as well as analysis of the general public chain from three elements; fundamental technology, application and also advancement”.

However, the rankings do not consider the financial point of view, which includes the coin rate, market capitalization and the trading volumes, which justifies why Bitcoin is not in the top position.

Aside from these, Nebulas is rated 4th, NEO at Fifth as well as Excellent at Sixth. Remarkably sufficient, some of the leading coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not feature in the top 10 of CCID’s rankings.

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