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Komodo Rises to Third in China’s Official Blockchain Rankings

China Center for Information Industry Development (CCID) published its new rating of Crypto-currency, the third place in which is a big surprise to everyone. Despite having banned ICOs and crypto trading in September, China’s Ministry of Industry & Information Technology has been launching a rating index and there updated index

Crypto traders around the globe are expecting a bullish rally for Komodo after it rose to third place on the new rankings published by the China Center for Information and Industry Development (CCID).

As in the previous ratings, EOS, Ethereum, NEO and Stellar are in very strong positions: 1, 2, 5 and 6 places respectively. Bitcoin also improved his position. Now he takes the tenth place, although last month he was on a modest 16th. Many people are criticising the authority of CCID ratings as it gives the king of crypto Bitcoin a lower rank on the list.

Komodo that rose to third place is quite an ambitious project, which aims to allow developers to run their own independent blockchains and conduct ICO. The platform is also preparing to launch a decentralized exchange based on atomic swaps.

The ranking list, which contains over 30 different crypto projects, is arranged in an order of which platform offers the best innovation, technology, and applications. It is widely regarded as one of the leading insights into trending Chinese crypto-trading and already has a reputation for elevating bullish market sentiment. The newcomers of this month’s rating are Nuls and Tezos, thus the total number of crypto-currencies in the rating is now 33.

The full rank list published by the CCID is attached below:

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