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China Ranks 37 Crypto Assets, Pushing Bitcoin, XRP and Most Major Altcoins Out of the Top 10

April 14, 2020

Bitcoin ranks 14th in China’s latest ranking of the world’s most popular cryptocurrencies based on applicability, creativity and basic technology.

According to the latest Global Public Chain Technology Evaluation Index released by the CCID Blockchain Research Institute, EOS is the top public crypto project, followed by Tron and Ethereum.

The index is similar to the one released in February, which also lists EOS, Tron and Ethereum in the top three spots. Bitcoin, the largest cryptocurrency by market cap, which ranked 15th place in the February ranking, is now in 14th place.

Many of the largest coins by market cap are beyond the top 10. XRP (labeled as Ripple), which is currently the third-largest coin by market cap, ranks 16th, down three spots from February.

Bitcoin Cash, Litecoin and Tezos, which are among the top 10 cryptocurrencies by market cap, rank 31st, 35th and 30th, respectively.

The CCID, which is under China’s Ministry of Industry and Information Technology, concludes that fallout from the coronavirus is having an impact on the development of crypto assets, which why there are few significant changes in the overall index this month.

“From February to March 2020, due to the impact of the global new crown epidemic, the update of selected public chain projects has slowed down, and the overall index has not changed much.”

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