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 Info Market Development (CCID) has actually released its 4th ‘Crypto job rankings’, where the leading 3 positions have been taken by EOS, Ethereum as well as Komodo. Bitcoin is at the 10th placement.

CCID began the ranking procedure in May, where it placed a total amount of 28 cryptocurrencies. Throughout the complying with 3 months, it added two, one as well as 2 coins respectively to the listing. The current position that it has actually released places EOS and Ethereum in the leading two settings.
Nevertheless, the most significant shock is Komodo rising to the 3rd placement from it’s previous position of 10. It is claimed to be an ambitious project which enables independent blockchain designers to begin their own job as well as set up an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Methodology

China Electronic Devices News Agency, which is controlled by CCID, states that the position are given based on “A thorough investigation as well as assessment of the general public chain from 3 aspects; standard technology, application and also technology”.

However, the rankings do rule out the financial viewpoint, that includes the coin rate, market capitalization and the trading volumes, which validates why Bitcoin is not in the leading setting.

In addition to these, Nebulas is placed 4th, NEO at Fifth and Stellar at Sixth. Surprisingly sufficient, some of the top coins by market cap, such as Ripple, Bitcoin cash and Litecoin, do not include in the leading 10 of CCID’s rankings.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Copyright 2018. The Coinjournal. Designed by Space-Themes.com.