Ethereum Replaces Tron at 2nd Spot in China's Latest Crypto Ranking While Bitcoin Moves Up 2

  • Bitcoin climbs up from 11th to 9th position
  • Just like the first time it gets the highest score among all cryptos in creativity and the lowest in basic technology
  • EOS, Ethereum, and Tron leads the CCID Index

China’s Center for Information and Industry Development (CCID), a research institute that operates under the Ministry of Industry and Information Technology has released the 15th crypto ranking.

The institute started providing the Global Blockchain technology Assessment Index back in May 2018. The Index originally ranked 28 cryptocurrency projects that has now extended to 35 projects.

This latest index is released amidst the reports of the country preparing to launch its own central bank-issued digital currency. According to a new report, the People’s Bank of China may launch a pilot test of the digital currency in the cities of Suzhou and Shenzhen and onboard telecom giants like Huawei and commercial banks for the same.

Bitcoin Gradually Climbing up

The world’s leading cryptocurrency started at 13th place the same as Verge cryptocurrency on CCID’s list. At that time, it got the highest score (35.6) among all the listed cryptocurrencies in the creativity section and the lowest (39.4) in basic technology.

This time Bitcoin is at 9th spot and the same as the first time it got the best score (42.9) among all the ranked cryptos in creativity and the lowest (42.6) in basic technology. From the 14th Index, Bitcoin is 2 steps up.

Who else Gained and Lost?

For the past some time, EOS has been ranking at the top while the second position that belonged to Tron last time has now taken over by Ethereum. The second-largest cryptocurrency was the winner of the first Index.

Tron founder Justin Sun took to Twitter to share that “TRON was ranked top 3 in this list together with EOS and ETH” in the CCID’s 15th global public blockchain technology assessment index. He added,

“In addition, TRON also ranked No.1 among all Chinese Public Blockchain.”

The index puts Ripple at 18th position while Bitcoin Cash gets 27th place. Other top cryptos in the list include XLM at 10th spot, Monero at 22nd, Tezos 26th, Cardano 29th, Litecoin -32nd, and IOTA 35th.

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