China’s New Crypto Ratings Index: EOS and NEO Rise, Ethereum Falls
China’s Ministry of Industry and Information Technology has released its second official cryptocurrency ratings index.
Last month, Ethereum was on top, followed by Steem, Lisk, NEO and Komodo. This time around, there’s been a major shakeup.
EOS is now in the number one spot. Ethereum is next, followed by NEO, Stellar and Lisk.
Here’s a look at all 30 coins on the new list. The coins are scored based on their technology, application and innovation.
The granddaddy of cryptocurrencies Bitcoin sits at number 17, falling from last month’s ranking at number 13.
Even though it’s now ranking cryptocurrencies, China is far from fully supporting the emerging technology or crypto trading.
It does, however, approve of companies developing blockchain solutions.
Last year, China banned domestic trading and shut down local cryptocurrency exchanges. It now faces pressure to ease up on the crackdown.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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