10 Crypto Assets Are Better Than Bitcoin, Says China’s Center for Information and Industry Development
China’s Center for Information and Industry Development (CCID) has released its latest crypto ranking report.
The agency regularly assesses the world’s most popular cryptocurrencies based on applicability, creativity and basic technology.
The basic technology category has the highest weight in the ranking with 65% of the total number of points. Applicability is 20% of the score and creativity is 15%.
The latest edition published by the point of sale Cryptodifferhas the intelligent contract platform EOS at the top, followed by Ethereum (ETH) and IOST. Tron (TRX), Dash (DASH), BitShares (BTS), Cosmos (ATOM), NEO, Stellar (XLM) and GXChain (GXC) round off the top 10.
Bitcoin (BTC), the highest cryptocurrency by market capitalization, appears in eleventh place.
The index is similar to the last edition released in August, with the most notable difference that BTC has moved up from 14th to 11th place.
Other coins in the top 10 by market capitalization that have been struck off the CCID’s top 10 list are XRP, Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Chainlink (LINK), Polkadot (DOT) and Binance Coin (BNB).
As early as April, the CCID, which reports to the Chinese Ministry of Industry and Information Technology, stated that the effects of the coronavirus will have an impact on the development of crypto assets, which has prevented dramatic shifts in the ranking.
Featured image: Shutterstock / MoVille