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 released its fourth ‘Crypto job rankings’, where the top 3 placements have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th placement.

CCID started the ranking procedure in May, where it ranked an overall of 28 cryptocurrencies. Throughout the adhering to 3 months, it included two, one and also two coins specifically to the listing. The latest position that it has launched puts EOS and Ethereum in the leading two positions.

Nonetheless, the greatest surprise is Komodo rising up to the 3rd setting from it’s previous ranking of 10. It is stated to be an enthusiastic task which allows independent blockchain designers to begin their own task as well as set up an ICO. Likewise, a decentralized exchange is on the cards of the project.

Ranking Methodology
China Electronic Devices News Agency, which is governed by CCID, states that the ranking are provided based upon “An extensive examination and examination of the general public chain from 3 facets; basic technology, application as well as development”.

Nevertheless, the rankings do not consider the financial perspective, which includes the coin price, market capitalization and also the trading quantities, which validates why Bitcoin is not in the top placement.

Besides these, Nebulas is ranked 4th, NEO at Fifth and also Outstanding at Sixth. Remarkably sufficient, a few of the leading coins by market cap, such as Ripple, Bitcoin cash and also Litecoin, do not include in the top 10 of CCID’s positions.

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