The latest ranking of cryptocurrency released by China Centre for Information and Industry Development (CCID) has put the EOS on first, Tron on the second, and Ethereum on the third number. Tron blockchain has made an outclass performance this year and leaving behind the Ethereum, the second-largest coin by market volume.
Tron at Second due to Improving Blockchain Technology
Tron is successful in attaining the second position of 14th CCID ranking under the supervision of Justin Sun, the CEO of Tron company. This is due to his increasing adoption by the digital companies that enabled it to overcome Ethereum in the ranking. The ranking was based on the evolution in the blockchain and of course, its blockchain is updating regularly with the addition of new features.
The increasing number of distributed applications on the platform with 3.9 million registered accounts has to boost up the coin at the top position. The TRX coin has taken the place of stellar and included in the list of top ten cryptocurrencies by market volume.
Ranking of Ethereum and Other Coins
During the last ranking schedule, the Ethereum was leading against TRX but not the condition has totally changed as Ethereum is ranked in 3rd position. The outstanding performance is noted on the part of EOS which gets the first position leaving behind all cryptocurrencies including BTC. Bitcoin and Ripple are at 11th and 20th positions respectively.
China Interest in Blockchain
It has been noticed that TRX has made its position on the topmost cryptocurrencies leaving behind the Stellar after the Chinese government’s announcement to invest in the Blockchain industry. The President of China has stressed on the point that it is the need for Technology to use Blockchain in improving scientific functions in a secure way.
China’s interest in the digital money industry has pumped the price of Bitcoin to $10,300 last week. The Altcoins has also recorded great rallies. This is because China is the leading economic power of the world and its influence has an echo throughout the economic framework.
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