China’s New Cryptocurrency Ratings See BTC Slip While Embattled EOS Maintains Number One
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China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 18th while awarding the top spot to domestic blockchain platform EOS (EOS). The rankings were released in a press release on Dec. 21.
China’s Center for Information and Industry Development (CCID) under the Country's Ministry of Industry and Information Technology creates the rankings, which first appeared in May this year.
Now listing a total of 34 top cryptocurrencies by market cap on the premise of “basic tech,” “applicability” and “creativity,” the results have frequently courted controversy, especially with regard to Bitcoin’s consistently average ranking.
EOS began ranking top in June. Completing its eighth issue, the CCID maintained EOS’ pole position, with Ethereum (ETH) coming in second. Article Was Issued by CoinTelegraph
