China Crypto Ratings Lists Top Cryptos According To Basic Tech, Creativity And Applicability: Bitcoin, EOS, Ripple’s XRP, Monero (XMR) And More

China’s Ministry of Industry and Information Technology has just released its ninth blockchain technology assessment index, rating the top cryptos according to the performance of their basic tech, creativity, and applicability.

Top cryptos in China Crypto Ratings

The government-sponsored rankings placed EOS in the number one spot.

The list has expanded to 34 cryptos and Bitcoin is placed on the 15th spot, XRP, on the 20th, and Monero (XMR) on the 25th.

You can see the ranking for the rest of the cryptos in the official assessment index.

Monero (XMR)’s achievements and popularity

Regarding Monero (XMR), the privacy coin maintains its popularity, even though a lot of events have toyed with its reputation.  eo

Monero has been in the spotlight for great achievements as well lately, and one of them is the fact that Gate.io revealed that it was introducing a Perpetual Contract Trading product for more digital; assets including Monero (XMR) and Stellar (XLM).

Chinese crypto rankings - China Crypto Ratings Lists Top Cryptos According To Basic Tech, Creativity And Applicability: Bitcoin, EOS, Ripple’s XRP, Monero (XMR) And More

This is really important because the cryptospace is currently somehow blocked by the lack of more clarity and regulation and the SEC seems to keep delaying decisions and deadlines.

A lot of voices in the cryptosphere have been wondering what catalyst could lead to the revival of the crypto markets, and until recently the answer used to be Bakkt.

But now, it seems that the launch of Bakkt has been delayed due to more reasons but most likely the main one of the government shutdown.

Gate.io did not wait for any approval, and they went on with their plans.

Speaking of Monero, one of the reasons for which XMR will likely gain more popularity in the future is that the wealthy have to stay hidden from the public eye, as Cryptorecorder notes.

The online publication writes that “Ever since income inequality began gaining prominence in the media, criticism for the wealthy has increased. Rather than be envied and adored for their wealth, wealth is now facing criticism, irrespective of how it is acquired.”


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

2259 Articles

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Coinbase

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BitStarz

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