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 Info Market Growth (CCID) has actually released its 4th ‘Crypto job positions’, where the leading 3 positions have actually been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th position.

CCID started the ranking procedure in May, where it ranked an overall of 28 cryptocurrencies. Throughout the following 3 months, it added 2, one and two coins respectively to the listing. The most up to date ranking that it has actually launched places EOS as well as Ethereum in the top two positions.

Nonetheless, the most significant surprise is Komodo rising up to the 3rd placement from it’s previous ranking of 10. It is claimed to be an enthusiastic project which permits independent blockchain designers to begin their own task and also put up an ICO. Additionally, a decentralized exchange gets on the cards of the job.

Ranking Methodology
China Electronic Devices News Agency, which is governed by CCID, says that the ranking are provided based upon “A thorough investigation and also evaluation of the public chain from three aspects; basic innovation, application and also development”.

Nevertheless, the rankings do rule out the monetary perspective, that includes the coin price, market capitalization as well as the trading quantities, which validates why Bitcoin is not in the top position.

In addition to these, Nebulas is placed Fourth, NEO at 5th and also Excellent at 6th. Remarkably sufficient, a few of the top coins by market cap, such as Surge, Bitcoin cash money and also Litecoin, do not feature in the leading 10 of CCID’s rankings.

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