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

CCID started the ranking process in May, where it placed a total of 28 cryptocurrencies. During the adhering to 3 months, it included two, one and 2 coins respectively to the listing. The most recent ranking that it has actually released places EOS as well as Ethereum in the leading 2 settings.

Nonetheless, the greatest surprise is Komodo rising up to the Third setting from it’s previous position of 10. It is claimed to be an ambitious task which permits independent blockchain developers to begin their own job and also put up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Technique
China Electronics News Agency, which is regulated by CCID, claims that the position are given based on “An extensive examination as well as analysis of the public chain from 3 elements; fundamental modern technology, application and also development”.

Nevertheless, the rankings do not consider the monetary point of view, that includes the coin rate, market capitalization and also the trading quantities, which warrants why Bitcoin is not in the leading position.

Apart from these, Nebulas is placed 4th, NEO at Fifth as well as Outstanding at Sixth. Remarkably 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 positions.

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