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China Updates Crypto Rankings, Downgrades Bitcoin

The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

China’s Fifth Ranking

China Updates Crypto Rankings, Downgrades BitcoinThe China Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially published its fifth crypto rankings on Sept. 20. Thirty-three crypto projects are ranked. Each is given an overall score and a separate score for each of the three categories – basic technology, applicability, and creativity.

In the overall ranking published Thursday, the center put EOS at the top of the list, followed by Ethereum, and then Bitshares. EOS and Ethereum were also at the top of last month’s overall ranking. Bitshares, however, jumped from the 12th place the 3rd place.

BTC was downgraded from the 10th place to the 16th place while BCH fell a few places, from the 29th place to the 31st place. In the creativity category, however, BTC tops the list, with EOS in the 3rd place.

China Updates Crypto Rankings, Downgrades Bitcoin

The center started ranking 28 crypto projects in May. Two more projects were added in June, one in July, and two in August. Last month BTC made the top ten list in the overall category for the first time.

Ranking Methodology

The center explained that there were some improvements in the latest evaluation methodology compared to the previous month, stating:

The evaluation of the public chain development tools was classified and refined, and the accounting method of the actual throughput of the public chain was optimized.

The basic technology category “mainly evaluates

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