China releases 11th edition of crypto rankings with EOS, Tron topping list

A new edition of China’s government-sponsored cryptocurrency rankings arrived on Friday (Mar. 22). It featured EOS and Tron in the top spots, while Bitcoin slid lower, in terms of the top-ranked crypto projects.

According to a Cointelegraph report, EOS held onto the top spot on the eleventh edition of China’s list. Tron (TRX) continues its hold onto a spot held by Ethereum (ETH) in second place. Bitcoin had moved up two spots in the tenth edition of the list to No. 13. However, BTC fell back to where it previously was, now sitting at No. 15 again.

The list is known as the Global Public Chain Technology Evaluation Index. It’s compiled by the Center for Information and Industry Development (CCID) in China. The rankings first started in May of 2018, and ten editions have arrived prior to this newest one. EOS was at the top spot since June of 2018 and has maintained that spot since. Tron just moved into the No. 2 position in the tenth list and held that spot for the eleventh edition.

Rounding out the top five on the CCID’s latest rankings were BitShares and Nebulas. The index takes into account factors of basic tech, applicability, and creativity to determine a project’s total index and overall ranking. A closer look at those numbers is available at Misha Lederman’s tweet here.

The EOS team has been continuing their attempts to progress the project as a blockchain. There’s been controversy related to the project due to an “allegedly centralized governance system.” Coinbase exchange currently lists EOS as the top cryptocurrency “Not Available on Coinbase,” ahead of Binance Coin (BNB), Tether (USDT), and Tron (TRX).

Earlier this week, Tron received positive support from two major crypto exchanges. OKEx based in Malta and Huobi Global, which is headquartered in Singapore, each announced they are in support of a Tron-based Tether stablecoin. Earlier this month, an announcement arrived via Tron and Tether that they would be working to bring USDT to the network. That seems to have factored into a recent price increase for the asset.

As of this report, Tron was at $0.0241, up 6.75 percent while EOS was at $3.68 or up 1.03 percent, according to the latest Coinbase figures. Ethereum (ETH) was at a reported price of $135.80, or down 0.56 percent, while Bitcoin was still hovering below $4,000. The latest price reported via Coinbase was $3,971.77, or down 0.72 percent over the past 24-hour trading period.

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