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EOS Remains in First Place on China's Updated Crypto Rankings. What About Tron, Ethereum and Other Coins?

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Mon, 10/28/2019 - 06:45
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  • EOS grabs the crown once again on the CCID's rankings while Tron surpasses Ethereum

Cover image via www.123rf.com
Contents

The Chinese CCID Research Institute has published its 14th update of cryptocurrency rankings, which gives each Blockchain project a separate score based on its technology, applicability, and creativity. The new list features 35 coins.      

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EOS rules the roost

Unsurprisingly, EOS, the ultimate leader in the CCID's rankings, remains in the first place with 151.8 points. The coin experienced a slight decline compared to the previous report where it scored 153.1.    

As reported by U.Today, EOS was also named the best cryptocurrency by Weiss Cryptocurrency Ratings, which provoked a massive spike in the token's price.     

Meanwhile, Ethereum ceded ground to Tron -- these coins getting 141.0 and 135.8 points respectively. The second biggest coin by market cap is now below Tron in each department ave for applicability, but the difference is only 0.9 points. 
        

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A different perspective

The CCID uses an obscure methodology, which is not in line with other agencies, which made its ratings pretty much irrelevant. 

However, with the latest news about China's President Xi Jinping embracing Blockchain and the massive surge of Chinese coins (Tron alone pumped by more than 30 percent), things have completely changed. 

China has made it clear that it wants to have a dominant role in the Blockchain industry even though Bitcoin remains officially banned in the communist state. 

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.

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Wed, 04/01/2020 - 07:13
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  • Mike Novogratz is convinced that when central banks make money grow on trees, then it's time to buy Bitcoin

Cover image via www.bloomberg.com
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When central banks make money grow on trees, Mike Novogratz, the CEO of Galaxy Digital, has one message for his followers - buy Bitcoin (BTC). 

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Yes, money does grow on trees   

'Money doesn't grow on trees' is a popular expression that parents constantly hammer into the heads of their children. It means that money is a limited resource and encourages people to put in a significant effort in order to obtain it. 

However, this fable apparently doesn't apply to the U.S. Federal Reserve and the Bank of England, who unleashed unlimited liquidity to save the ailing global economy from the coronavirus-driven fallout. 

As absurd as it sounds, fiat money does grow on trees in 2020 (at least for central banks). 

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2020 could be Bitcoin's year 

Against this backdrop of incessant money printing, Bitcoin, a disinflationary currency whose total supply is strictly limited to 21 mln, has never seemed more attractive. Novogratz described it as the strongest bull case for the benchmark cryptocurrency. 

Even though crypto failed to perform as a safe haven during the coronavirus-driven sell-off, the Wall Street bull recently opined that 2020 could end up being another big year for Bitcoin.     

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.

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