China Has Updated Its Crypto Rating, Bitcoin Is Up Five Points

China’s Center for Information and Industry Development (CCID) has published an updated rating. The number of cryptocurrencies remains the same, 33 in overall. Though there are some changes inside the list.

Even after a big

crypto market collapse

that happened last week, first three ranks stays the same, these are EOS, Ethereum, and Bitshares correspondingly. The fourth line was replaced by Steem, while NEO went down by two positions. The top five is closed by Nebulas, which managed to get higher by 1 position.

This month,

Bitcoin

climbed up from the 19th place of last month to the 13th place. Bitcoin Cash, which has had hard fork recently, dropped to the 29th place. The bottom of the list was concluded by Decred.

The rating looks like:

The CCID

explained

the rating saying that assessment is built on experts’ recommendations, and it anticipates three key principles:

“The indicators should be adapted to all evaluated objects, not just some.” “The proposed indicators should be related to technological innovation in public chains.” “The measurement or evaluation of the indicators can be implemented.”

The center also described its future plans:

“CCID Blockchain Research Institute will also launch an in-depth evaluation report and application development report for public chains … We will also launch an advisory service and report on public chain technology assessment.”

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