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

Surprising, yet real. The China Centre for Info Industry Development (CCID) has released its fourth ‘Crypto task positions’, where the leading 3 settings have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it rated an overall of 28 cryptocurrencies. Throughout the complying with 3 months, it added two, one as well as 2 coins specifically to the listing. The latest ranking that it has actually released puts EOS as well as Ethereum in the leading two settings.

Nonetheless, the greatest shock is Komodo rising to the 3rd setting from it’s previous ranking of 10. It is claimed to be an enthusiastic task which permits independent blockchain developers to begin their very own task and also set up an ICO. Also, a decentralized exchange is on the cards of the task.

Ranking Technique
China Electronic Devices News Agency, which is controlled by CCID, says that the position are provided based on “A comprehensive examination and also analysis of the general public chain from three elements; basic innovation, application and development”.

Nevertheless, the positions do not consider the monetary perspective, which includes the coin price, market capitalization as well as the trading quantities, which validates why Bitcoin is not in the leading position.

Apart from these, Nebulas is placed Fourth, NEO at 5th as well as Excellent at 6th. Remarkably enough, some of the leading coins by market cap, such as Surge, Bitcoin cash money and Litecoin, do not include in the leading 10 of CCID’s rankings.

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