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

Surprising, yet real. The China Centre for Info Market Growth (CCID) has actually released its fourth ‘Crypto task positions’, where the top 3 placements have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th placement.

CCID began the ranking process in May, where it rated an overall of 28 cryptocurrencies. During the complying with 3 months, it included two, one as well as 2 coins specifically to the listing. The most up to date position that it has actually launched places EOS and also Ethereum in the top 2 placements.

However, the largest surprise is Komodo rising up to the Third position from it’s previous ranking of 10. It is stated to be an ambitious task which allows independent blockchain designers to start their own project and also set up an ICO. Additionally, a decentralized exchange gets on the cards of the task.

Ranking Approach
China Electronic Devices News Agency, which is controlled by CCID, says that the ranking are offered based on “A comprehensive examination and also analysis of the general public chain from 3 aspects; basic technology, application and innovation”.

Nonetheless, the rankings do rule out the monetary viewpoint, which includes the coin price, market capitalization and also the trading quantities, which validates why Bitcoin is not in the top placement.

Besides these, Nebulas is rated 4th, NEO at 5th and Excellent at Sixth. Surprisingly sufficient, a few of the leading coins by market cap, such as Surge, Bitcoin money as well as Litecoin, do not showcase in the leading 10 of CCID’s positions.

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