China’s Gov. Institute Releases Cryptocurrency Ranking: EOS First But Bitcoin (BTC) Not Even in Top 15

China has released yet another one of its crypto rankings, which, like previous rankings, do not place Bitcoin and some more generally well-respected cryptocurrencies and assets very highly.

China’s Center for Information and Industry Development (CCID) released the ranking on March 22, its eleventh published list after the rankings began in May 2018.

Topping the list, and keeping its spot, is EOS despite Block.one CEO Brendan Blumer saying that its development will take time, and its less than perfect mainnet launch. A Diar report shows that, among Proof-of-Stake projects, EOS has the most staked funds.

In second place is the TRON (TRX) project. There has been a surge in dapp development on the TRON network and founder Justin Sun, who has a penchant for marketing, has made it a point to nab as many partners as possible.

He has even made the somewhat ambitious claim that the Bittorrent ecosystem could have 1 billion TRON users.

Ethereum comes third while, rather questionably, Bitcoin comes 15th.

The rest of the entries on the list vary in their level of recognition and development. Some of the tokens mentioned are Ontology (ONT), Waves (WAVES), STEEM (STEEM), NEO (NEP), Ripple (XRP), Stratis (STRAT), Bitcoin Cash (BCH) and IOTA (MIOTA).

The list ranks 35 tokens on varying criteria, but it has to be noted that development on all of these projects is still in the very early stages.

Ethereum has some big upgrades lined up for the next 2 years, and EOS has some significant work ahead if it wants to take on both TRON and Ethereum.