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 true. The China Centre for Info Market Development (CCID) has actually released its fourth ‘Crypto task positions’, where the leading 3 settings have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th position.

CCID began the ranking process in May, where it placed a total of 28 cryptocurrencies. Throughout the adhering to 3 months, it included two, one as well as two coins respectively to the listing. The most up to date ranking that it has actually released places EOS and Ethereum in the leading two positions.

Nonetheless, the greatest surprise is Komodo rising up to the Third placement from it’s previous position of 10. It is said to be an ambitious task which enables independent blockchain designers to start their very own task and also installed an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Method
China Electronic Devices News Agency, which is governed by CCID, claims that the position are supplied based upon “A detailed investigation and also analysis of the public chain from 3 aspects; fundamental innovation, application and also development”.

Nevertheless, the rankings do not consider the financial viewpoint, which 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 5th and Outstanding at Sixth. Remarkably enough, several of the leading coins by market cap, such as Ripple, Bitcoin cash money as well as Litecoin, do not feature in the top 10 of CCID’s positions.

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