EOS Remains #1 On China’s Updated Crypto Rankings

New data from the Chinese CCID Research Institute is in the EOS coin news, showing that EOS remains on the top of the rankings. For those of you who don’t follow, the list gives each blockchain project a separate score based on its technology, applicability as well as creativity. The new list currently features 35 coins.

I do not know what’s their standard, but Qtum looks better than last time. pic.twitter.com/oyIx4hW25r

— PatrickX (@PatrickXDai) October 28, 2019

The news do not come as a surprise. EOS is the ultimate leader in the CCID rankings with 151.8 points. What’s noticeable is the small decline where the coin experienced a slight fall compared to the previous reports where we could see it scoring 153.1.

As reported by U.Today, EOS remains at the top but was also the best cryptocurrency by Weiss Crypto Ratings, which provoked a massive spike in the price of the token. Meanwhile, the Ethereum news show that ETH is now closely followed by Tron (TRX) – possibly because of the recent rise. Ethereum got 141.0 points and Tron has 135.8 points respectively. The second biggest coin by market cap is currently below TRX in each department. However, the difference is only 0.9 points.

With a quite different perspective than others, the CCID use an obscure methodology which is not entirely in line with other agencies. This made the ratings pretty much irrelevant. However, the latest news about China and the president Xi Jinping embracing blockchain and cryptocurrency led to a massive surge of Chinese coins – with TRON’s TRX gaining 25% overnight.

Things are completely changing for altcoins from China right now. EOS remains on top of the list but TRX could surge in the near future as well. What’s important is the fact that China made it clear that it wants to be a dominant leader in the blockchain industry – even though Bitcoin is banned in the communist country.

On another level, analysts note that China has ignited another altcoin season (altseason) throughout the weekend which has been one of the best in recent history in terms of the overall crypto asset performance.

Now that BTC retraced in the four-digit zone again, there is a calm before another possible storm. Chinese crypto assets are now leading the way and EOS remains on the top of the CCID rankings while Tron’s TRX token is leading the latest news on altcoin today with a 25% boost.