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

Shocking, yet true. The China Centre for Info Sector Growth (CCID) has released its 4th ‘Crypto job rankings’, where the top 3 placements have been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking procedure in May, where it ranked an overall of 28 cryptocurrencies. During the following 3 months, it added two, one and also two coins respectively to the listing. The most recent ranking that it has actually released puts EOS and Ethereum in the leading two positions.

Nonetheless, the most significant shock is Komodo rising up to the Third position from it’s previous position of 10. It is said to be an enthusiastic job which allows independent blockchain designers to start their very own project and also installed an ICO. Likewise, a decentralized exchange gets on the cards of the job.

Ranking Method
China Electronics News Agency, which is governed by CCID, states that the ranking are offered based upon “An extensive examination as well as assessment of the general public chain from three aspects; standard modern technology, application and technology”.

Nonetheless, the positions do not consider the monetary viewpoint, that includes the coin rate, market capitalization as well as the trading volumes, which validates why Bitcoin is not in the leading position.

Apart from these, Nebulas is placed 4th, NEO at 5th and Outstanding at Sixth. Remarkably sufficient, a few of the top coins by market cap, such as Ripple, Bitcoin cash as well as Litecoin, do not feature in the top 10 of CCID’s rankings.

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