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

Shocking, yet real. The China Centre for Details Market Advancement (CCID) has actually launched its fourth ‘Crypto task positions’, where the leading 3 settings have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it ranked a total of 28 cryptocurrencies. Throughout the adhering to 3 months, it included 2, one and also 2 coins respectively to the listing. The most recent ranking that it has actually launched puts EOS as well as Ethereum in the top 2 placements.

However, the greatest surprise is Komodo rising to the 3rd position from it’s previous ranking of 10. It is claimed to be an ambitious task which permits independent blockchain programmers to start their very own task and also installed an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Methodology
China Electronic Devices News Agency, which is controlled by CCID, states that the ranking are supplied based upon “A thorough examination and analysis of the general public chain from 3 facets; standard technology, application and also innovation”.

Nonetheless, the rankings do rule out the financial point of view, which includes the coin cost, market capitalization and also the trading quantities, which justifies why Bitcoin is not in the leading setting.

Besides these, Nebulas is placed 4th, NEO at Fifth and Outstanding at 6th. Remarkably sufficient, some of the leading coins by market cap, such as Ripple, Bitcoin cash as well as Litecoin, do not feature in the leading 10 of CCID’s positions.

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