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 Market Advancement (CCID) has launched its 4th ‘Crypto task rankings’, where the leading 3 placements have actually been taken by EOS, Ethereum and also Komodo. Bitcoin goes to the 10th position.

CCID started the ranking procedure in May, where it placed a total of 28 cryptocurrencies. Throughout the adhering to 3 months, it added 2, one and also two coins specifically to the listing. The latest ranking that it has launched places EOS and Ethereum in the top two settings.

Nevertheless, the largest surprise is Komodo rising up to the 3rd position from it’s previous ranking of 10. It is said to be an enthusiastic task which allows independent blockchain programmers to start their very own task as well as set up an ICO. Also, a decentralized exchange gets on the cards of the project.

Ranking Approach
China Electronic Devices News Agency, which is regulated by CCID, claims that the ranking are given based upon “An extensive investigation and also analysis of the public chain from 3 aspects; basic modern technology, application and development”.

Nonetheless, the rankings do not consider the monetary point of view, that includes the coin rate, market capitalization and the trading quantities, which validates why Bitcoin is not in the top placement. Click Here

Besides these, Nebulas is rated 4th, NEO at Fifth as well as Outstanding at Sixth. Remarkably sufficient, a few of the leading coins by market cap, such as Surge, Bitcoin money and Litecoin, do not showcase in the leading 10 of CCID’s positions. Click Here

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