China’s fourteenth crypto ranking reports Bitcoin (BTC) ranked as 11th and EOS retaining the top spots as of the end of September 2019. The crypto ranking report is released by China’s state-backed tech workgroup with total rankings lists of 35 assets.
On Sept. 29. The Center for Information and Industry Development (CCID)’s online information portal reported the release of the crypto ranking report.
Reshuffling in Rankings
The last installment of rankings in July revealed that Bitcoin held its position with altcoin Tron dislodging Ether from the second spot. XRP is up from 30th to a 20th-ranked asset.
<img width="500" height="1148" src="https://i1.wp.com/www.cryptonewspoint.com/wp-content/uploads/2019/10/1569767442851.jpg?fit=446%2C1024&ssl=1" alt="" class="wp-image-4138 lazyload" />
Qutum (QTUM) has risen from 18th to 8th, Lisk (LSK) from 14th to 7th and Dash (DASH) from 21st to 17th.
Blockchain Boom in China
CCID first launched its monthly crypto ratings report back in May 2018 positioning Ether in the top out of the original 28 coins. CCID is under China’s Ministry of Industry and Information Technology.
The assets are evaluated according to three parameters: basic technology, application, and innovation.
CCID is a Chinese governmental organization that reports directly to the Ministry of Industry and Information Technology and is tasked with assisting the development of information industries in China.
Source: ccidnet.com | Image: ilolab