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 real. The China Centre for Details Sector Growth (CCID) has released its 4th ‘Crypto project positions’, where the top 3 settings have actually been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th position.

CCID began the ranking process in May, where it placed an overall of 28 cryptocurrencies. During the complying with 3 months, it added two, one and 2 coins respectively to the listing. The most recent position that it has actually launched puts EOS and also Ethereum in the leading two placements.

Nonetheless, the most significant shock is Komodo rising up to the 3rd placement from it’s previous position of 10. It is stated to be an ambitious project which permits independent blockchain developers to begin their own task and also installed an ICO. Also, a decentralized exchange gets on the cards of the task.

Ranking Approach
China Electronic Devices News Agency, which is regulated by CCID, says that the position are provided based upon “A detailed examination and also assessment of the general public chain from three facets; standard technology, application and also development”.

Nonetheless, the positions do not consider the financial point of view, which includes the coin price, market capitalization and also the trading quantities, which warrants why Bitcoin is not in the top setting.

In addition to these, Nebulas is placed Fourth, NEO at 5th as well as Stellar at 6th. Surprisingly sufficient, several of the leading coins by market cap, such as Ripple, Bitcoin money and also Litecoin, do not feature in the top 10 of CCID’s rankings.

© Copyright 2018. ap coind. Designed by Space-Themes.com.