EOS and ETH take Top Spots in China Crypto Ratings 

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The Ministry of Industry and Information Technology in China through its Electronics and Information Industry Development Research Institute (CCIDI) released its 9th Global Public Chain Technology Evaluation Index this week.

According to the latest report, several top coins saw major improvements in terms of their rankings and overall points but Bitcoin is still trailing behind 14 other lesser valued coins by market cap.

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It did, however, improve from its 18th position from last month’s rankings. In first place is EOS a position it has maintained from the 8th edition of the index. It reduced its points from last month’s 156.1 points to this month’s 146.9.

Coming in second is Ethereum, the third largest blockchain network by market value with 134.1 points and closing out the top three coins is Ontology which saw the biggest gains. Ontology barely made it to the top ten last month but has since improved to the third position with a respectable 112.7 points.

Ripple, the leading altcoin performed dismally in this index coming in at the 20th position with 92.8 points. GxChain and BitShares close out the top five positions with 110.8 and 109.4 points respectively.

These cryptocurrency rankings were first rolled out back in May 2018 but at the time EOS was yet to launch its Mainnet and existed as a token on the Ethereum blockchain. In this inaugural release, Ethereum led the rest of the projects before EOS showed up to the scene.

Following its release in June, it became eligible to be included in the rankings and ever since it has kept its first position in the rankings which include a project’s basic technology, the applicability aspect, and its creativity. Of the three properties that are considered for this index, Bitcoin led in the Creativity section with 34.9 points. Ethereum came in second in this category with 27.4 points and EOS closed out the top 3 projects with 24.9 points.

The index tracks 34 projects and of the top 10 cryptocurrencies, only Tron, USDT (Tether) and Bitcoin Satoshi’s Vision (BSV) are the only projects that did not appear in the list.

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