EOS Rallies Again as China Rates its Blockchain the Best

[Shahinaz]

Where other cryptocurrencies hiked over recent days, EOS has been slower most recently, until today. Now EOS price has risen over 8% in the last 24 hours.

On December 17, 2018, EOS showed a substantial recovery reaching 35% gains before stabilizing between the December 18 and today. Now EOS is moving again.


EOS Price Chart

China’s Global Public Blockchain Technology Assessment Index
Sometimes the underlying reasons behind a coin’s sudden popularity are unclear, other times is purely about market movements as traders see a buy opportunity and trigger a splurge of interest.

Today’s interest in EOS might be clearer cut. The blockchain and coin is China’s baby. On December 21, China’s Center for Information and Industry Development (CCID), under the Country’s Ministry of Industry and Information Technology, published its Global Public Blockchain Technology Assessment Index (GPBTAI). EOS tops this list with 156 points far ahead of Ethereum, in second, at 136. Bitcoin is way down on the list in 18th place with a score of 96

Has this really influenced the EOS hike? It could be likely, as the news trickles through to the markets, other blockchains that featured well on the list are also seeing sharp price increases since the index was published.

GXchain stole third place in the blockchain index from BitShares with a score of 117. Its coin, GXS, has also surged, showing a current 24 hour increase of nearly 5%. GXchain is the 104th  cryptocurrency by market capitalization. BitShares (BTS) is currently 44th  by market capitalization and although is up just over 2% in the past 24 hours, shows none of the sharper hike of EOS or GXchain.


GXchain Price Source: CoinMarketCap

source : https://www.ccn.com/eos-rallies-again-as-china-rates-its-blockchain-the-best/