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 true. The China Centre for Details Market Growth (CCID) has actually released its fourth ‘Crypto task positions’, where the leading 3 placements have actually been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th placement.

CCID began the ranking process in May, where it rated an overall of 28 cryptocurrencies. Throughout the complying with 3 months, it added two, one as well as two coins specifically to the listing. The most up to date ranking that it has launched puts EOS as well as Ethereum in the leading 2 settings.

However, the largest shock is Komodo rising to the 3rd setting from it’s previous position of 10. It is stated to be an ambitious project which allows independent blockchain developers to begin their own job and set up an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Technique
China Electronics News Agency, which is controlled by CCID, claims that the position are supplied based on “A comprehensive investigation and also examination of the general public chain from 3 aspects; fundamental technology, application and also development”.

Nevertheless, the positions do rule out the financial point of view, which includes the coin rate, market capitalization as well as the trading volumes, which validates why Bitcoin is not in the top setting.

Besides these, Nebulas is placed Fourth, NEO at 5th as well as Outstanding at 6th. Surprisingly sufficient, some of the top coins by market cap, such as Ripple, Bitcoin cash money and also Litecoin, do not include in the top 10 of CCID’s positions.

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