Tron (TRX) has succeeded to gain the second position in the Chinese CCID crypto ranking.
China’s Center for Information and Industry Development (CCID) research institute has issued the crypto ranking. Chinese CCID research institute has given the second position to TRX in the crypto ranking while EOS has gained the top position in the Chinese ranking.
Previously, Tron had the third position in the Chinese ranking and the second place was contained by Ethereum (ETH). But this time, TRX has replaced Ethereum by taking the second position in the crypto ranking.
President XI’s announcement leads TRON toward 2nd Rank
Some people are saying that the reason behind this success of Tron is the recent announcement of China’s President. The Chinese President announced to accelerate blockchain investment and development in China.
By market cap, Tron is also considered one of the largest cryptocurrencies in the country. So, this new ranking of TRON is the result of the Chinese president’s recent announcement.
#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 pic.twitter.com/QcrFE0hq0z
— Misha Lederman (@mishalederman) October 28, 2019
Tron is one of the most actively growing Blockchains
Tron is also considered one of the most actively growing blockchains in the world. The accounts in the Tron network are more than 3.9 million and are exceeding this figure.
Apart from this, Tron has also become a highly rated network because it has increased its transactions from 100,000 per day to the figure of 1.7 million. Tron also carries almost 800 million USDT.
Tron Foundation has developed its platform with the help of its recent influenced projects. Last year, in the summer of 2018, the Tron network bought BitTorrent which influenced this platform.
The crypto ranking of the Chinese CCID research institute involves 35 cryptocurrencies and these digital assets are ranked according to their basic technology, applicability, and creativity. Tron is good in its applicability and technology, so it has got the second position in this ranking. One point is worth noting here that TRX was very near to the top position.
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