China Pumps EOS, Tron and Ethereum in New Crypto Index – Ranks Bitcoin, XRP, Cardano and Litecoin
Bitcoin (BTC), the flagship cryptocurrency, ranks 11th in China’s latest edition of cryptocurrency rankings.
China’s state-backed technology research group just published its 14th cryptocurrency rankings report of 35 digital assets, with EOS maintaining the top position as of the end of last month.
The researchers evaluate cryptocurrencies according to three main parameters: underlying technology, applicability and creativity, according to the September 29 report released by the Center for Information and Industry Development (CCID).
When compared with the previous index published in July 2019, which evaluated a total of 37 cryptos, Bitcoin maintained its previous position.
Tron (TRX), which is currently leading the altcoin rally, up 10% in the past 24 hours, moves to second place, bumping Ethereum’s native token Ether (ETH) to third.
XRP, the third-largest cryptocurrency by market cap, moves to 20th place, up from the 30th spot.
Qtum (QTUM) has jumped from 18th place to 8th. Meanwhile, Lisk (LSK) moves from the 14th spot to the 7th and privacy coin Dash (DASH) is up from the 21st to the 17th. Cardano (ADA) comes in at 31st, sliding from the 28th spot while Litecoin rises a notch from 33rd to 32nd. NEO slides a notch from 8th to 9th place.
CCID first introduced its monthly digital currency report in May 2018, under the guidance of China’s Ministry of Industry and Information Technology.