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 Market Development (CCID) has launched its 4th ‘Crypto job positions’, where the top 3 positions have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID began the ranking process in May, where it ranked an overall of 28 cryptocurrencies. During the complying with 3 months, it included 2, one and 2 coins specifically to the listing. The current ranking that it has launched places EOS and also Ethereum in the leading two positions.

Nonetheless, the largest shock is Komodo rising up to the Third placement from it’s previous ranking of 10. It is stated to be an enthusiastic project which enables independent blockchain programmers to start their very own project as well as installed an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, claims that the ranking are offered based upon “A thorough investigation and also analysis of the public chain from 3 elements; fundamental innovation, application as well as technology”.

Nonetheless, the rankings do not consider the monetary point of view, which includes the coin price, market capitalization and the trading quantities, which justifies why Bitcoin is not in the top position.

Apart from these, Nebulas is rated 4th, NEO at Fifth as well as Stellar at 6th. Surprisingly sufficient, some of the top coins by market cap, such as Surge, Bitcoin cash and also Litecoin, do not include in the leading 10 of CCID’s rankings.

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