EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Home » News » EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government
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 Information Market Advancement (CCID) has released its fourth ‘Crypto project positions’, where the top 3 settings have actually been taken by EOS, Ethereum and also Komodo. Bitcoin is at the 10th position.

CCID started the ranking process in May, where it rated a total amount of 28 cryptocurrencies. During the adhering to 3 months, it added two, one as well as two coins respectively to the listing. The current position that it has actually released places EOS as well as Ethereum in the top two placements.

Nonetheless, the most significant surprise is Komodo rising to the Third setting from it’s previous ranking of 10. It is claimed to be an ambitious job which permits independent blockchain developers to begin their very own project and also set up an ICO. Likewise, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, states that the position are given based on “A comprehensive investigation as well as evaluation of the public chain from 3 elements; standard modern technology, application and also innovation”.

Nevertheless, the rankings do rule out the monetary point of view, which includes the coin price, market capitalization and the trading volumes, which validates why Bitcoin is not in the leading placement.

Besides these, Nebulas is placed 4th, NEO at 5th and Stellar at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Ripple, Bitcoin money as well as Litecoin, do not include in the top 10 of CCID’s rankings.

© Copyright 2018. Crypto Hash Auctions. Designed by Space-Themes.com.