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BTC and XTZ Enter Top 10 in China's Crypto Rankings. What About XRP, ETH, and XLM? See Full List

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Tue, 12/15/2020 - 17:37
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Alex Dovbnya
China warms up to Bitcoin, but EOS Is still the king, according to the government's most recent crypto rankings
BTC and XTZ Enter Top 10 in China's Crypto Rankings. What About XRP, ETH, and XLM? See Full List
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The Center for Information and Industry Development (CCID) — a research unit of China’s industrial ministry — has published its 21st cryptocurrency rankings.    

Bitcoin, the number one cryptocurrency by market cap, is now ranked as the seventh-best digital asset after jumping another four spots.        

Tezos has jumped 16 places

The CCID think tank assesses digital assets based on such sub-indexes as tech, applicability, and creativity.  

Unsurprisingly, EOS firmly holds onto its first place with an overall score of 147.7. Yet, it doesn’t lead in a single category. Ethereum, the second-best cryptocurrency, outperforms EOS when it comes to applicability and creativity while IOST is far ahead in tech.

Tezos (XTZ) has climbed a whopping 16 places, which was enough for the coin to enter the top 10.

China
Image by mp.weixin.qq.com

Meanwhile, Stellar (XLM) entered the top 5 after ascending four spots. XRP, however, has dropped two places.         

In spite of delivering the public testnet of the Chrysalis upgrade, IOTA hasn’t moved in the rankings, clutching onto its last 37th spot.  

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The first government to publish crypto rankings  

Even though the methodologies that the CCID uses to evaluate cryptocurrencies are rather questionable, many industry participants pay heed to the think tank’s rankings due to its close affiliation with the government. 

Ethereum topped China’s very first rating that was unveiled back in May 2018, the same month EOS launched its mainnet after a $4 billion initial coin offering (ICO).

China remains the only country that publishes official crypto rankings in spite of its hawkish attitude toward digital currencies. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.