Bitcoin trails EOS and Tron in latest Chinese blockchain rankings


  • Bitcoin ranked in the eleventh spot with 103 points.
  • EOS outclasses Ethereum to scoop the first position.
  • CCID releases the ranking results every two months.

The bi-monthly blockchain rankings by the CCID Research Institute of the Ministry of Industry and Information Technology of China places Bitcoin in eleventh places. The ranking at the moment takes into account 37 cryptocurrency projects. CCID has been releasing the ranking results since 2018.

There are three categories that are considered by the CCID, ranging from ‘basic tech,’ ‘applicability’ and ‘creativity.” All the categories combine to form a ‘total value index.’

The new rankings remain largely unchanged with EOS leading with 153.1 points while Bitcoin ranked eleventh with 103 points. Ethereum comes second with 148.6 points while Tron took the third position. The fourth and fifth positions went to NULS and GXchain respectively.

The rankings still spark discussions as the CCID is seen to be favoring Chinese blockchain projects. For instance, Tron still managed to take third place in spite of allegations that the founder Justin Sun is under Chinese authorities’ investigation.

Read more: Bitcoin market update: BTC/USD glancing higher; bulls facing resistance at $9,800

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ethereum, Ripple: Market ready to launch, not knowing who will lead it

One of these stories is the intense and profound relationship between Ethereum and Bitcoin. The story approaches a moment of decision, where what happens can mark the future.

More Bitcoin News

Ethereum Price Analysis: ETH/USD reverses Sunday gains as Istanbul-inspired enthusiasm is over

ETH/USD has retreated from the recent high of $152.14 reached on Sunday, following the successful Istanbul upgrade.

More Ethereum News

IOTA price analysis: IOT/USD loses ground, ignores positive fundamentals

IOTA is flashing with red colors. The coin retreated from the 18th position a month ago to 20th place in the global cryptocurrency rating amid strong bearish sentiments.

More IOTA News

Tezos Price Analysis: Whales send XTZ/USD to multi-month high

Tezos  (XTZ) is the best-performing digital asset today. The coin has gained over 6% of its value in recent 24 hours while all Bitcoin and all major altcoins have stayed in tight ranges amid low trading activity. 

More Tezos News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP