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 Details Industry Growth (CCID) has actually launched its 4th ‘Crypto task positions’, where the leading 3 settings have been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th setting.

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

Nonetheless, the biggest surprise is Komodo rising to the Third position from it’s previous ranking of 10. It is said to be an enthusiastic project which enables independent blockchain programmers to start their own project as well as installed an ICO. Additionally, a decentralized exchange is on the cards of the task.

Ranking Methodology
China Electronic Devices News Agency, which is regulated by CCID, claims that the ranking are given based upon “A comprehensive investigation and analysis of the public chain from three elements; standard modern technology, application as well as innovation”.

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

Aside from these, Nebulas is placed 4th, NEO at 5th and Outstanding at 6th. Surprisingly sufficient, some of the top coins by market cap, such as Surge, Bitcoin money and Litecoin, do not feature in the top 10 of CCID’s rankings.

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