China has been stepping up its game in the cryptocurrency industry, and the recent demonstration of power by banking officials and the country’s President has been a testament to that fact. In the latest rank list released by China’s CCID, several of the not-so-famous cryptocurrencies topped the list while the major ones had fallen off their perches.
Misha Lederman, a famous Tron enthusiast and CCO of BeatZCoin had recently tweeted:
“#TRON regains 2nd place in China’s CCID 14th world ranking of blockchains – 1st among Chinese blockchains. As President Xi has called for China to accelerate #blockchain investment & development, take into account that CCID is directly under the Ministry of Industry & Information.”
The list analyzed cryptocurrencies based on the underlying technology, applicability, and creativity, and only the number one ranked EOS had a fundamental tech score of more than 100. EOS topped the list with a fundamental technology score of 103.7, an applicability score of 19.4, and a creativity score of 28.7.
Tron, the cryptocurrency from the Justin Sun founded Tron Foundation, regained its second place after it had lost it to Ethereum the year before. TRX had a basic tech score of 94.2, the list thighs 28.4 in applicability score and a creativity score of 18.4. This brought the total index score for Tron to 141. The world’s second-largest cryptocurrency Ethereum came in last on the podium with an overall index score of 135.8. Despite the third place, it had the lowest basic tech score in the top 5 at 75.4.
Tron was also in the news recently when Justin Sun announced that the Tron Foundation would be partnering with an unnamed “mega-corporation.” Sun had tweeted:
“TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT & $WIN etc. It will broadly distribute TRON Dapps and tokens to billions of customers. TBA. Make a guess?”
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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