China’s Center for Information and Industry Development (CCID) has published the 17th report on evaluation of the top cryptocurrencies. The center publishes the report once a month to compare the best recognized blockchain projects in the crypto space.
EOS maintains leadership
EOS, TRON and Ethereum have been in the top positions for a long time. With an average ranking of 156.1, EOS has taken the leadership for over 4 months. It was followed by TRON (138.4) and Ethereum (136.4).
On the other hand, Bitcoin ranked 14th in the ranking with 104.9.
The ranking is based on different metrics which aim to present crypto projects in a clear matrix. In addition, the index shows the accessibility of real life and business.
The CCID ranking clearly analyses cryptocurrencies that seek to provide tremendous promise for businesses and investors.
The report reads:
“During this evaluation period, Application Chain, Ant, Dash and Zilliqa have successively released updates for core components to optimize performance and algorithms. They ranked 4th, 8th, 10th and 26th, while Dash, Quantum Chain, Stratis and Ark have updated their wallet systems to improve usability.”
Weiss sees great potential in BTC on current crisis
In a recent report, Weiss Crypto Scores has described Bitcoin as having tremendous potential to serve as a valuable investment in the current crisis. This is due to the steps taken by Western governments to fight the coronavirus spread:
“Cameron Winklevoss believes big changes for #Bitcoin are coming due to #coronavirus & tells followers to #hodl their #BTC. What’s bullish for $BTC is not the coronavirus, but rather drastic measures that Western governments take in an attempt to slow down the spread.”
Bitcoin may hit $350TH by 2044
Millennials and Generation Xers in the U.S. may inherit nearly $70 trillion from Baby Boomers in the years to come, Cointelegraph website reported.
If Millennials in the US were to spend nearly 5 percent of their inherited funds in Bitcoin (BTC), they would push the price up to $350,000 in 2044, according to a recent study by Kraken Intelligence.
This would provide the generational group almost $70 trillion from a $971 billion investment.
Although Bitcoin has gained popularity, older generations –like Warren Buffett– are unwilling to invest in cryptocurrencies.