EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government 21226
News
Varun
Aug 19, 2018 at 2:16 PM

Surprising, yet true. The China Centre for Information Industry Development (CCID) has released its fourth 'Crypto project rankings', where the top 3 positions have been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th position.

CCID began the ranking process in May, where it ranked a total of 28 cryptocurrencies. During the following 3 months, it added two, one and two coins respectively to the listing. The latest ranking that it has released puts EOS and Ethereum in the top two positions.

EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government-BCFocus

However, the biggest surprise is Komodo rising up to the 3rd position from it’s previous ranking of 10. It is said to be an ambitious project which allows independent blockchain developers to start their own project and put up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Methodology

China Electronics News Agency, which is governed by CCID, says that the ranking are provided based on “A comprehensive investigation and evaluation of the public chain from three aspects; basic technology, application and innovation”.

However, the rankings do not consider the monetary point of view, which includes the coin price, market capitalization and the trading volumes, which justifies why Bitcoin is not in the top position.

Apart from these, Nebulas is ranked 4th, NEO at 5th and Stellar at 6th. Surprisingly enough, some of the top coins by market cap, such as Ripple, Bitcoin cash and Litecoin, do not feature in the top 10 of CCID’s rankings.

Image via Shutterstock

Join our Telegram group