China’s Center for Information and Industry Development (CCID) has released its latest crypto rankings report.
The agency periodically judges the world’s most popular cryptocurrencies based on applicability, creativity and basic technology.
The basic technology category holds the most weight in the rankings, accounting for 65% of the overall score. Applicability is 20% of the score and creativity is 15%.
[adinserter block="1"]The latest issue, posted by the outlet Cryptodiffer, has the smart contract platform EOS on top, followed by Ethereum (ETH) and IOST. Tron (TRX), Dash (DASH), BitShares (BTS), Cosmos (ATOM), NEO, Stellar (XLM) and GXChain (GXC) round out the top 10.
Bitcoin (BTC), the top cryptocurrency by market cap, makes its appearance in the eleventh slot.
The index is similar to the last issue that was released in August, with the most notable difference being that BTC has moved up from 14th place to 11th.
Other coins in the top 10 by market cap that were left off the CCID’s top 10 list include, XRP, Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and Binance Coin (BNB).
Back in April, the CCID, which is under China’s Ministry of Industry and Information Technology, said the fallout from the coronavirus is having an impact on the development of crypto assets, which has prevented dramatic shifts in the rankings.
[adinserter block="1"]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, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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