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

Unusual, yet real. The China Centre for Details Industry Advancement (CCID) has actually released its 4th ‘Crypto project rankings’, where the top 3 placements have been taken by EOS, Ethereum and 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 added 2, one as well as 2 coins specifically to the listing. The most recent ranking that it has launched places EOS and also Ethereum in the leading 2 positions.

However, the biggest surprise is Komodo rising to the 3rd setting from it’s previous position of 10. It is said to be an enthusiastic project which allows independent blockchain designers to begin their own project and also put up an ICO. Also, a decentralized exchange gets on the cards of the task.

Ranking Technique
China Electronics News Agency, which is regulated by CCID, claims that the position are provided based upon “An extensive examination as well as examination of the public chain from three facets; standard innovation, application and development”.

Nonetheless, the positions do not consider the financial viewpoint, which includes the coin price, market capitalization and also the trading quantities, which validates why Bitcoin is not in the leading setting.

Aside from these, Nebulas is rated 4th, NEO at Fifth and also Excellent at Sixth. Surprisingly enough, several of the leading coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not showcase in the leading 10 of CCID’s positions.

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