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 Growth (CCID) has actually released its 4th ‘Crypto job positions’, where the top 3 settings have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th placement.

CCID began the ranking procedure in May, where it placed a total amount of 28 cryptocurrencies. Throughout the adhering to 3 months, it included two, one and 2 coins respectively to the listing. The current position that it has released puts EOS and Ethereum in the top two placements.

Nonetheless, the most significant shock is Komodo rising up to the 3rd placement from it’s previous position of 10. It is stated to be an ambitious task which enables independent blockchain designers to begin their own job as well as installed an ICO. Also, a decentralized exchange gets on the cards of the project.

Ranking Technique
China Electronics News Agency, which is controlled by CCID, states that the ranking are provided based upon “A comprehensive examination and also evaluation of the public chain from three facets; standard innovation, application as well as technology”.

However, the positions do rule out the financial point of view, that includes the coin rate, market capitalization as well as the trading volumes, which validates why Bitcoin is not in the leading placement.

In addition to these, Nebulas is placed Fourth, NEO at Fifth and also Stellar at Sixth. Remarkably enough, a few of the top coins by market cap, such as Ripple, Bitcoin cash money as well as Litecoin, do not feature in the leading 10 of CCID’s rankings.

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