China Center for Information and Industry Development altcoin pumps

[bbc.reporter]

Do your due diligence and you will find the connections yourselves. The China Center for Information and Industry Development might be another corrupt cryptocoin ranking organization under the influence of Fenbushi Capital where Vitalik is a partner and founded by the Chinese billionaire, Bo Shen, who has a big investment in EOS.

The organization has ranked EOS and Ethereum the no.1 and no.2 blockchains in the cryptospace with bitcoin only on no.15. I shake my head, unless this is the beginning hehehe.



According to a press release on Jan. 24th, China announced another iteration of its government-sponsored ranking system for the top cryptocurrencies and their blockchains, once again placing EOS at the head of the pack.

Despite holding the fifth position by market capitalization, with a valuation of $2.2 billion, EOS has managed to hold the top spot in blockchain appraisal by China’s Center for Information and Industry Development (CCID).

EOS was ranked #1 in the last iteration of the blockchain evaluation released in December 2018, a position the coin has held since June 2018. Bitcoin, with a market capitalization over twenty-eight times that of EOS, was ranked fifteenth in blockchain appraisal, up three spots from December’s rankings. Ethereum, which ranks third in market capitalization just behind XRP, held the distinction of the second highest rated blockchain by the government organization, with XRP being placed all the way in the 20th spot. ETH’s position remains unchanged from December.

Source https://ethereumworldnews.com/eos-china-blockchain-ranking-cryptocurrency-2019/

[Sephire]

It is hard to put too much faith in this ranking order and what effect those will have on the market. Coinmarketcap market ranking is the real ranking by market value.

[miningguru]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

[sonicwave]

It is hard to put too much faith in this ranking order and what effect those will have on the market. Coinmarketcap market ranking is the real ranking by market value.

To be honest, this site is also in doubt, especially in terms of the volume of trades. said that they cheat too much. But coins and so on top and I think they do not need additional promotion.

[knuckey]

I think the ranking given by this Chinese organization will not affect anything, indeed China has a large community and whenever they can pump eos and eth. So this ranking does not represent the entire crypto community.

[romero121]

On each and everything Chinese has got a difference of opinion. Same as that now we see the eos and Eth being the most prominent of the crypto in China. From my view China being a big market for Cryptocurrency such a news has got some potential to make an impact on the global market of the assets. But, what we see isn't an official website or information.

[Lakai01]

Cheating happens anywhere money is involved, coin rankings are (like the Weiss rating) have a huge impact on a coins price, so of course they are bought.

[xuan87]

I doubt about the news and the survey that written, I had heard that EOS want to be pump and want to try to take over eth place, but I never believe in such news, and when China being involved then my suspicious arise, the government won't allowed any pumping, I think this is just a rumour to increase the EOS value

[Bezobraznike]

I doubt about the news and the survey that written, I had heard that EOS want to be pump and want to try to take over eth place, but I never believe in such news, and when China being involved then my suspicious arise, the government won't allowed any pumping, I think this is just a rumour to increase the EOS value

   I doubt in many things I read related with crypto-currencies. I don`t believe in something before I check something deeply and find similar
conclusions by the community.
   Since I came on this forum I have seen so many theories about China, their laws about exchanges and certain crypto-currencies. So many
news from there, but just some were true. Now they talk about EOS and Ethereum, I have both so I`m glad they talk about them over there
that`s all!

[consideritdone]

because they ranked eos as 1 in the report?

[niteroy]

I think that you should not trust this rating for choosing a coin to invest. EOS constantly censors this rating, but its price continues to fall and is unlikely to rise any time soon if there is no full-fledged state support for China.

[el_lobo]

Hard to say what this ranking really means.
It can be meaningless or show the future in crypto.
I think in a few months we will know more. 

[D3m1r4wanti]

Will the news have a significant effect on changes in EOS prices? EOS once called will shift the position of ethereum because it will be pumped in large quantities, but is that proven? I see that never happened. this is just a way of imaging EOS.

[arpon11]

That would be great and some of us that has been holding those coins are going to make money then.  I see this as a great news if it is truth because the Chinese traders are one of the largest in the market and any things that will bring them back into the market is a welcome development. I think if China invest in ethereum and EOS heavily it is going to impact the market positive and this in turn will change ethereum market directions.

[Laxus215]

They have ranking methodology if you observe their ranking table.
1) basic technology :- The basic technology category “mainly evaluates the technical realization level of the public chain, and examines the function, performance, safety and decentralization of the public chain,” the center described. This category accounts for 65 percent of the overall ranking.
2) Applicability :- China Updates Crypto Rankings, Downgrades BitcoinThe applicability category “mainly evaluates the comprehensive level of public chain support for practical applications, involving node deployment, wallet application, development support and application implementation,” the CCID explained. This category accounts for 20 percent of the overall ranking.
3) Creativity :- Creativity only carries a weight of 15 percent in the overall ranking. This category “focuses on the continuous innovation of the public chain, including developer size, code update and code impact,” the center detailed.
Source :- https://news.bitcoin.com/china-crypto-rankings-bitcoin/

Ethereum delayed their Constantinople hardfork to upgrade from ETH1.0 to ETH 2.0 who knows if the hardfork took place on the scheduled time the rank could have been different? This ranking are since May 2018 and IMO speculating price on the ranking are not enough, we will have to consider another factors too.

[aceptamosbitcoin]

EOS... maybe could get a pump, because it's getting more real dAPPs everyday. But Ether is struggling a lot lately and usually the prices around Chinese NY are going down, not up.

I decided for myself to not open positions on speculations in next 14 days and just watch and learn.

[TravelMug]

EOS... maybe could get a pump, because it's getting more real dAPPs everyday. But Ether is struggling a lot lately and usually the prices around Chinese NY are going down, not up.

I decided for myself to not open positions on speculations in next 14 days and just watch and learn.

I echo the same sentiments, EOS might be pump but just pure speculation.

Last year the same story. Lots of speculators saying that bitcoin will be pump prior or after the Chinese Lunar Year, but nothing has change, bitcoin just have a small pump and then plummeted. Hard to buy this kind of news lately. So I will remain cautious.

[bbc.reporter]

@aceptamosbitcoin. EOS will pump because Bo Shen will want it to pump if he thinks it is the right time, in other words if he has already accumulated what he needed to accumulate hehehe.

Dapps have nothing to do with it, I reckon.

[kimtaek]

I hope this will be pumped in the whole world not only in China... Hoping and waiting for this to come...

[VladEx_Vova]

There are so many news about pumping, I will believe only when I see that it works in reality

[qiwoman2]

I hope everything gets pumped but it will probably happen, some mini pump after the Chinese new year, because right now the Chinese are gonna enjoy their nice long two-week party before they start buying up some coinage again. While the CMC is at its low point it's always good to start collecting your favorite coins again, or ones that you know might have some upside soon. Now I started day trading again, I am trying hard to grow my capital once more and then also try to grow back the bags I lost in January 2018 because I want to really get back to where I was back then. I like working with ETH but I might buy back a small bag of EOS and let it sit there. I want to buy more ADA as well and some other passive income bearing coins like NEO, ARB, FOXT, ONT etc.

[btcmegastar]

All coin will be pumped in the market which has active developments in the market because once the market starts recovering we can able to see some good price movements in the market. Both these coins have very good active developments in the market makes to hold these coin until we see bull run.

[xenomorphe1]

No, i don't think they are going to be pumped. Don't forget that Chineses citizens can't invest in blockchain legally since 2017. Open your eyes and look at what is really happening. Don't believe on hype/fake news.

[incomefromcoins]

china is very much positive towards Eos development we can expect Eos pump this year from Chinese investors

[premiumproductss]

And why China government will not support national coin NEO? This doesn´t make sense, NEO with TheKey are working hard to attract the Chinese government  .

[CPN99]

as we see eos and ethereum are 2 of the very good cryptocurrencies and have significant development with their respective technologies.
but to talk about ranking, I prefer and believe in coinmarketcap not cryptospace.
for the possibility of a price increase in the Chinese new year, that might happen. Let's wait and see.

[Ararbermas]

There are so many news about pumping, I will believe only when I see that it works in reality

true since this long bear market occurr all prediction and news around the internet always didn't happen and even on this year nothings happening as well in the market. This could be the worst nightmare of some holders because market is still very unpredictable until now.  

[tarable]

yes, hopefully it can happen so that the other crypto can be like the two coins, because with the great news there is an opportunity for other coins to be able to pump up the price

[Prettymie]

Hard to say what this ranking really means.
It can be meaningless or show the future in crypto.
I think in a few months we will know more. 

For the developer point of view, ranking has mean a lot to them as they can speculate a higher price of their coin and more people will trust them due for their ranking and it can influence more partnership and more money will flow on them. Ranking in the coinmarketcap is also a status symbol for them that will attract more investors. It's a free advertisement on them if they are in the top of the ranking.

[BitcoinHodler]

it is not news that China has been trying to push for these two centralized altcoins for over a year now. but they have been failing because nobody cares about what they are saying and the market is so much bigger and in control of the whales who won't let them do anything they don't want to if they go against them and right now they want to dump these coins and make money from shorting them.

[CryptoAssasin]

This article is interesting and I actually thought that those rankings where EOS is superior than BTC really is a big joke from China. It was an obvious market manipulation to boost the price of EOS. As far as I know, some of their team members had been changed and I dont see any surprising move from EOS after the blockone issues. EOS big time investors were pretty desperate 😂

[ukloon]

China has banned ICOs so why they are listing EOS and Ethereum as the top two coins is a mystery. The only platform which follows all of the rules set by the Chinese government is NEO so their ranking system is flawed. That being said, all 3 coins are a great investment for both short and long term gains

[sabine80]

the raking does not necessarily mean much. it is just an assessment and it can change again anytime. nevertheless, i can well imagine that it will eventually come to a pump of eth and eos in the future.

[Macinto$h]

When it comes to very big money and the interests of states, this is always a matter of politics, and therefore those who are able to influence the situation on a global scale come into play. And the fact that the Chinese government is now actively supporting the EOS project - says just this, in my opinion.

[singlecrytpo]

I would keep an eye on moac as well. I mean china is obvoiusly going to support their own coins and crypto more than others but moac just made a deal with china mobile which is pretty huge

[DonFacundo]

well hopefully ethereum and EOS will pump this year at least there is two cryptos that can pump with this market condition.

[hovrah]

I would keep an eye on moac as well. I mean china is obvoiusly going to support their own coins and crypto more than others but moac just made a deal with china mobile which is pretty huge

I believe that there are smart enough people in China and they will support profitable projects in any case. All the negative information that has so far sounded about the prohibition of cryptocurrency And, in particular, Bitcoin, turned out to be untrue. We must take into account only positive news and learn from on good examples.

[electronicash]

why are they up to EOS and Ether but not the NEO?  its the most logical i can think of like buying what they do have and created by their own. but then anyway this is something that will drive the price up this year. prices of these tokens today are down to its knees i think this is the safest time to buy so ye if you are hoping to profit from it. buy.

[bbc.reporter]

I reckon the pump is on. However, it appears that EOS might be pumped more than Ethereum. I also speculate that Ethereum might end its position within the top 5 in 3 years more or less.

[bitcoin31]

I reckon the pump is on. However, it appears that EOS might be pumped more than Ethereum. I also speculate that Ethereum might end its position within the top 5 in 3 years more or less.

I think ethereum will be still in the TOp 5 in the next 3 years because for me etehreum is more potential compared to Eos but also Eos is a good coin and good to investment but ethereum is unique of all altcoins and it will gives also history what bitcoin they do and I will wait for that. Let's see what happen in the ethereum and Eos who are really become better after 3 years from now.

[bbc.reporter]

@bitcoin31. I do not know where you get your information from if you are under the impression that Ethereum has more potential hehe. I am not saying that EOS has more potential, however Ethereum has been very short of its promises.

Also, check the data on how many users use dapps in Ethereum. It is not that many.

https://dappradar.com/

[bbc.reporter]

The EOS and Ethereum pump by, I assume the Chinese investors has begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

[vit05]

The EOS and Ethereum pump by, I assume the Chinese investors has begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

But almost all projects are pumping today. Probably Bitcoin will test 4200USD again. But EOS and ETH are pumping more then the others so it could have something to do about the chineses that you talk about. Cardano is also pumping.

[bbc.reporter]

@vit05. It might be because those Chinese investors might not be bitcoin holders. I speculate that this is new fiat coming into the cryptospace. For that reason, they needed to buy bitcoin first which caused that pump, then buy EOS and Ethereum next which caused another pump.

I might also be wrong. This is only my speculation.

[Vit83]

How long will last this pump? Is this for a short period of time? Or we will new highs in the nearest future?

[aragom]

The EOS and Ethereum pump by, I assume the Chinese investors has begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

not a pump. ethereum increased only 10% . it will come again 130s and maybe 120s in two weeks.
if china make pump, be sure ethereum will pump at least 10x. these are only small raises, not pumps or bull runs

[jvdp]

How long will last this pump? Is this for a short period of time? Or we will new highs in the nearest future?

We will never find this result because market is growing slowly so anytime this will change the result. Recently Bitcoin marketcap was gradually increasing so other altcoins are follow this way. But Chinese New year is not a big impact in this platform so we will see the future changes, If you are a long term investor never worried in any situation.

[electronicash]

you just gotta love the Chinese for their enthusiasm in crypto. they do invest heavily on crypto so why this should surprise anyone here.

if they pump these two, its logical to think they are going to profit  a lot with this action. so if you find the price to be cheap as for now, you better get into the wagon for its your chance of the life.

[Bezobraznike]

you just gotta love the Chinese for their enthusiasm in crypto. they do invest heavily on crypto so why this should surprise anyone here.

if they pump these two, its logical to think they are going to profit  a lot with this action. so if you find the price to be cheap as for now, you better get into the wagon for its your chance of the life.

   Almost all pumping stories come from China. We really need to love them for that, they are very enthusiastic people. Year ago I read how
NEO is Chinese Ethereum, they will pump NEO too.
   There will be a big need for platforms in the future, I believe in Ethereum, EOS and NEO future. I believe that not only Chinese will pump
this platforms, people across the world will do that. Maybe the biggest wave will start in China, which is not strange, China is big country.

[Mila52]

@bitcoin31. I do not know where you get your information from if you are under the impression that Ethereum has more potential hehe. I am not saying that EOS has more potential, however Ethereum has been very short of its promises.

Also, check the data on how many users use dapps in Ethereum. It is not that many.

https://dappradar.com/

Perhaps this is an advertising move to create a positive image of these networks against the background of a falling market. I believe that the EOS network is promising. At the level of the general dump in the price of cryptocurrency, the drop in the EOS is much less than  an other.

[shulc7]

Who knows...EOS is so popular now. Everybody is speaking about it as the coolest altcoin that appeared on the market. There is too much hype around it.

[Vit83]

you just gotta love the Chinese for their enthusiasm in crypto. they do invest heavily on crypto so why this should surprise anyone here.

if they pump these two, its logical to think they are going to profit  a lot with this action. so if you find the price to be cheap as for now, you better get into the wagon for its your chance of the life.

   Almost all pumping stories come from China. We really need to love them for that, they are very enthusiastic people. Year ago I read how
NEO is Chinese Ethereum, they will pump NEO too.
   There will be a big need for platforms in the future, I believe in Ethereum, EOS and NEO future. I believe that not only Chinese will pump
this platforms, people across the world will do that. Maybe the biggest wave will start in China, which is not strange, China is big country.

I read that ontology will replace NEO for Asia new ICO. There are a lot of new systems that take ICO on their blockchain. IMHO eth will rise but not too high, because of a lot of new competitors.

[bitgolden]

I have already talked about the pump that is going to happen in ethereum, but regarding eos, I think there might also be a pump this year because of its use case, unlike ethereum, eos those not charge any fees whatsoever for deploying a dapp to its blockchain thereby making developers comfortable to build as many dapps as possible on eos blockchain. I already hold some eos and might buy more before the pump.

[Aptekary]

I have already talked about the pump that is going to happen in ethereum, but regarding eos, I think there might also be a pump this year because of its use case, unlike ethereum, eos those not charge any fees whatsoever for deploying a dapp to its blockchain thereby making developers comfortable to build as many dapps as possible on eos blockchain. I already hold some eos and might buy more before the pump.

The fact is that not only on bitcointalk but also in Telegram and in other forums there is a discussion about a really big prospect in the near future not only for ethereum, but also for EOS. I also observe a certain migration of many projects from other platforms to EOS. This also suggests possible better prospects for these platforms.

[SlimShadyMmp]

I really doubt that is going to make too much impact in the market seeing that things are basically staying the same i mean they didnt mention buying large stoke of EOS or ETH they just made a ranking which anybody can make his or her own so based on their technological view they prefer EOS and i havent even seen any smart contract or dapp from china on EOS. Again no amount of pumping can make their ranking true

[bbc.reporter]

I have already talked about the pump that is going to happen in ethereum, but regarding eos, I think there might also be a pump this year because of its use case, unlike ethereum, eos those not charge any fees whatsoever for deploying a dapp to its blockchain thereby making developers comfortable to build as many dapps as possible on eos blockchain. I already hold some eos and might buy more before the pump.

Are you only saying this? EOS is already pumping hehehe. Your only choices are to buy now or wait for a correction for a chance to buy low.

[wendiar19]

I think that makes the price of eos and ethereum not an influence from the country of China, I think this is the effect of rising bitcoin prices with the USD exchange rate which has a price increase, you can see when the bitcoin price rises the price of all coins, including ethereum and eos like bitcoin price movements.

[Stargazer]

The EOS and Ethereum pump by, I assume the Chinese investors have begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

Not only ETH and EOS, but the whole crypto market also pumped. So, I don't think it is happened because of Chinese investors/traders. Rather the crypto market has some good news, therefore ETH hard fork is coming! So, by all means, every coin's price is pumping. You might be right but still, I have a different opinion here.

[Pom_bensin]

China as a big crypto market in the world might be able to pump eos and ethereum, and if that happens I think this is something that might be able to provide a lot of price changes for ethereum which has been experiencing a drastic decline, we are waiting for how from China.

[Cryptosaja]

If the news is true, I think it's good that eos and ethereum will be pumped in the China market, surely all markets will experience the pump also for these two coins

[Stargazer]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.

[pieppiep]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.

I think the price of ethereum and EOS can be pumped when the price can recover to the price of $ 20k, so the price of ethereum and EOS will automatically increase in price to become more expensive.

[kkaroul4]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.

I think the price of ethereum and EOS can be pumped when the price can recover to the price of $ 20k, so the price of ethereum and EOS will automatically increase in price to become more expensive.

that's right so with China pumping these two coins I hope I'm not in China but in all world markets these two coins can pump. because both ethereum and EOS are very good coins

[consideritdone]

I got a feeling Ontology will be to watch this year for china
https://www.coingecko.com/en/coins/ontology
https://www.coingecko.com/en/coins/ontology-gas

[bbc.reporter]

The EOS and Ethereum pump by, I assume the Chinese investors have begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

Not only ETH and EOS, but the whole crypto market also pumped. So, I don't think it is happened because of Chinese investors/traders. Rather the crypto market has some good news, therefore ETH hard fork is coming! So, by all means, every coin's price is pumping. You might be right but still, I have a different opinion here.

When bitcoin is pumping, most cryptocoins would also begin pumping without any good reason.

In any case, the speculated Chinese investors that are buying EOS and Ethereum might not be bitcoin holders, however. They first needed to buy bitcoin which caused a pump, then buy EOS and Ethereum, which caused another pump.

[ethereumhunter]

The EOS and Ethereum pump by, I assume the Chinese investors have begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.

Not only ETH and EOS, but the whole crypto market also pumped. So, I don't think it is happened because of Chinese investors/traders. Rather the crypto market has some good news, therefore ETH hard fork is coming! So, by all means, every coin's price is pumping. You might be right but still, I have a different opinion here.

When bitcoin is pumping, most cryptocoins would also begin pumping without any good reason.

In any case, the speculated Chinese investors that are buying EOS and Ethereum might not be bitcoin holders, however. They first needed to buy bitcoin which caused a pump, then buy EOS and Ethereum, which caused another pump.

So if bitcoin can get a pump, it's the best time for us to sell some bitcoin, right? And then we can buy EOS and Ethereum too just in case those coins can follow increase too. But in these situations, it is difficult to predict if EOS and Ethereum can increase or not because it depends on bitcoin price itself. And when bitcoin can stay or increase for the price now, I guess that many altcoins will rise.

[Suslura]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.

I think the price of ethereum and EOS can be pumped when the price can recover to the price of $ 20k, so the price of ethereum and EOS will automatically increase in price to become more expensive.

that's right so with China pumping these two coins I hope I'm not in China but in all world markets these two coins can pump. because both ethereum and EOS are very good coins

at least on ethereal, I am fully confident and I hope that he will show his real results after Cosmopolitan and renewal of serenity. As for the EOS platform, I repeatedly notice the migration of the project to this platform.

[Fedrey]

Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.

I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.

I think the price of ethereum and EOS can be pumped when the price can recover to the price of $ 20k, so the price of ethereum and EOS will automatically increase in price to become more expensive.

that's right so with China pumping these two coins I hope I'm not in China but in all world markets these two coins can pump. because both ethereum and EOS are very good coins

at least on ethereal, I am fully confident and I hope that he will show his real results after Cosmopolitan and renewal of serenity. As for the EOS platform, I repeatedly notice the migration of the project to this platform.

I don't know who to trust today and what information is correct. But if we take into account that these actions of China will be able to benefit these platforms, here I do not see anything wrong.

[bbc.reporter]

It appears that the China Center for Information and Industry Development has declared its next pump for 2019 or 2020. Tron.

According to their updated cryptocoin ranking, EOS is no.1 and Tron no.2 and with Ethereum no.3 hehehe.



Source https://news.bitcoin.com/chinas-crypto-ranking-bitcoin-tron/

[bbc.reporter]

This news article based on data from a report made by Coinlib might prove that my speculation is correct. Chinese speculators are indeed buying bitcoin to buy EOS, Tron, Ethereum and all of their favorite pumps hehehe.



According to data from Coinlib, Bitcoin investments in China rose as the valuation of the cryptocurrency improved. Statistics released by Coinlib showed that the capital inflow into Bitcoin, in terms of Chinese yuan [CNY] placed the fiat currency in the top fiat currencies invested in the crypto ecosystem.

Chinese yuan [CNY] was highly active in terms of cryptocurrency investment. At press time, the Chinese fiat currency registered investments of around $166.49 million in Bitcoin, and Ether witnessed a capital inflow of $75 million in the same period.

Read in full https://ambcrypto.com/bitcoin-btc-witnesses-huge-influx-of-capital-via-chinas-fiat-currency/

[DeepChipolino]

If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.

[bbc.reporter]

@DeepChipolino. Agreed, only if the investor is only looking for something to pump and dump. You should not trust a ratings agency that rates bitcoin below the possibly scam projects such as GXchain or Onthology.

[sana54210]

If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.

China is a country that is quick in understanding technology more than us and that is why their economy is growing higher, I wouldn’t be surprise if very soon they convert their money into cryptocurrency.

After all, majority of their transactions has also been digital because it is obvious that virtually every country patronizes their products one way or another especially through Alibaba and most of the payment going through Alibaba has been online, so they might really consider converting their ordinary money to crypto and this will really help the market and value we see in coinmarketcap will shoot higher.

[peter0425]

If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.

China is a country that is quick in understanding technology more than us and that is why their economy is growing higher, I wouldn’t be surprise if very soon they convert their money into cryptocurrency.

After all, majority of their transactions has also been digital because it is obvious that virtually every country patronizes their products one way or another especially through Alibaba and most of the payment going through Alibaba has been online, so they might really consider converting their ordinary money to crypto and this will really help the market and value we see in coinmarketcap will shoot higher.

Their economy didn't grew because of technology, it grew because they became self-sufficient and then started to exports products. That's why you will see a lot of "made in China", in almost all sectors of the industry. They might understand technology but it's not the main factor why their economy became as what it is today.

Back to the topic, I'm sure everyone knows what's the reason behind why they love altcoins. They just won't simply accept bitcoin because of the freedom it can give to their population.

[bbc.reporter]

@peter0425. Agreed. However, it is not only in China. Greedy speculation occurs around the world with some saying that it is occurring more times in the west in New York or London than in Beijing hehehe.

[5ensei]

EOS isn't a complete product so it does not deserve the number one spot. Even NEO has got a platform ready product so it should be above EOS. Realistically ethereum should retake the number 1 spot as it has proven itself to be capable of hosting thousands of DAPPS

[Tigerw]

EOS isn't a complete product so it does not deserve the number one spot. Even NEO has got a platform ready product so it should be above EOS. Realistically ethereum should retake the number 1 spot as it has proven itself to be capable of hosting thousands of DAPPS

I completely agree with you and really will always support etherium, because I consider this platform as the most profitable for the cryptocurrency market. I’m just pissed off by platforms like EOS, which require more commission ahead before creating a wallet.

[Ucy]

It is surprising to know that the rankings came from the government. I do not think it's proper for government to rank  censorship resistance/decentralized blockchain. They will end giving undue advantages to  government friendly centralized blockchains

[aamirsuh]

Still, the Ethereum is far ahead of them. EOS or NEO need more development. Also Ethereum has a very good system and the costs are very low.

[Leah38]

I prefer looking at cryptocurency market ranking to see what's the top coins. Yes it affects peoples judgment onnwht to invest. Whatever their plan maybe, I see it as a positive sign. That could boost awareness to the public.

[bbc.reporter]

It is surprising to know that the rankings came from the government. I do not think it's proper for government to rank  censorship resistance/decentralized blockchain. They will end giving undue advantages to  government friendly centralized blockchains

It is not a part of the Chinese government, I already edited my original post. It is a ranking service run by private consulting firm. However, it does not change that it might be corrupt and that it might be under the influence of certain Chinese billionaires who have invested in some projects in the cryptospace.



CCID Consulting was the first Chinese consulting firm listed in the Growth Enterprise Market (GEM, Chinese: 創業板) of Hong Kong Stock Exchange, and is a direct affiliate to the China Center for Information Industry Development (CCID Group). Headquartered in Beijing, CCID Consulting has branch offices in Shanghai, Guangzhou, Shenzhen, Nanjing, Wuhan and Chengdu, with over 300 professional consultants.

Source https://en.m.wikipedia.org/wiki/CCID_Consulting

[bbc.reporter]

The hype on China based Bo Shen's investments on EOS and Bitshares never stops. Another platform based in China is also Tron. It is no.2 in the China Center for Information and Industry Development's list of top cryptocoins when it replaced the former no.2 Ethereum, also a Bo Shen coin hehehe.

Source of hype https://insidebitcoins.com/news/weiss-crypto-4-cryptocurrencies-lead-the-pack-in-transactions/221046

[SMOKEU]

just watched out when are they going to pump those coins.. take an exit then buy again after,..

[bbc.reporter]

Can the SEC consider the China Center for Information and Industry Development a ratings agency like ICObench or ICOmarks? I reckon they function similarly and it would not be that dubious to speculate that they also accept payments from projects like EOS, Ethereum and Tron to shill.



The SEC penalized Russia-based ICO Rating for failing to disclose it was being paid to shill cryptocurrency projects. The enforcement action comes as the Commission continues to crack down on firms that tout crypto securities without disclosures.

ICO Rating is one of several mostly Russian-run crypto rating agencies, behind ICOBench and ICOmarks. The firm advertises itself as an “independent” rating and research service on a mission to “help the market achieve the necessary standards of quality, transparency, and reliability.”

However, it seems ICO Rating failed to adhere to its own mission statement. The SEC found that the agency covertly accepted payments to shill cryptocurrency securities that were supposedly being evaluated ‘independently.’

ICO Rating violated the anti-touting provisions of the Securities Act of 1933 because it “failed to disclose that it was paid by certain issuers whose ICO offerings it rated,” said the Commission.

ICO Rating agreed to pay disgorgement and prejudgement interest of 107,000 and civil penalties of $162,000, without admitting or denying the SEC’s findings, for a total of $269,000.

Read in full https://cryptoslate.com/sec-charges-ico-rating-shilling-crypto-projects-disclosure/