March 28, 2024

Bitcoin and Tron lost positions in the Chinese cryptocurrency rating

Bitcoin and Tron lost positions in the Chinese cryptocurrency rankings

The China Center for Information and Industry Development (CCID) revised the rating of crypto projects in the 19thupdated release.

Ranking and scoring work is carried out every two months among 37 crypto projects in three separate categories: core technology, applicability, and creativity.

This month in the top positions of the overall rankingsignificant changes have occurred. While EOS remains the center favorite, Tron has dropped from second place to fourth. Tron has been in second place for the last three updates – in June, April and February. In the current rankings, Ethereum is in second place, followed by IOST, and then Tron. Bitcoin fell from 12th to 14th place, while Bitcoin Cash rose from 34th to 30th.

Bitcoin and Tron lost positions in the Chinese cryptocurrency rankings

The center notes that the assessment model remainsunchanged. The core technology sub-index accounts for 65% of the total score, the applicability or innovation sub-index – 20%, and the creativity subindex – 15%.

Meanwhile, a data analysis company aboutIn cryptocurrencies, Chainalysis reported that nearly $ 50 billion worth of crypto assets have been withdrawn from China over the past 12 months as the Chinese economy has been hit by trade wars and the devaluation of the yuan.

Subscribe to ForkNews on Telegram