EOS remains in first place in China’s updated crypto rankings. What about Tron, Ethereum, and other coins?

Alex Dovbnya

EOS takes the crown again in the CCID ranking, while Tron outperforms Ethereum

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• EOS rules the quarter
• Another perspective

The Chinese CCID research institute has released its 14th update of cryptocurrency rankings, which gives each blockchain project a separate rating based on its technology, applicability and creativity. The new list contains 35 coins.

I don’t know what their standard is, but Qtum looks better than last time. pic.twitter.com/oyIx4hW25r

– Patrick Dai (@PatrickXDai) October 28, 2019

EOS rules the quarter

Unsurprisingly, EOS, the ultimate leader in the CCID rankings, stays in first place with 151.8 points. The coin saw a slight decline compared to the previous report, in which it scored 153.1 points.

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As reported by U.Today, EOS was also named the best cryptocurrency by Weiss Cryptocurrency Ratings, which resulted in a massive increase in the token price.

In the meantime, Ethereum ceded to Tron – these coins received 141.0 and 135.8 points, respectively. The second largest coin by market capitalization is now below Tron in every division for applicability, but the difference is only 0.9 points.

Another perspective

The CCID uses an obscure methodology that is inconsistent with other agencies, which made their ratings quite irrelevant.

However, with the latest news on China’s President Xi Jinping welcoming blockchain and the massive surge in Chinese coins (Tron alone pumped more than 30 percent), things have changed completely.

China has made it clear that it wants to play a dominant role in the blockchain industry, even though Bitcoin is still officially banned in the communist state.