The second round of China’s supported monthly cryptocurrencies and blockchain projects has been published online.
The latest round of the Global Public Chain Technology Evaluation Index has been presented at the Shanghai Science Hall. The first place in the ranking was taken by EOS, the second place by Ethereum and Bitcoin was placed on the 17th place, out of a total of 30 analyzed cryptocurrencies. The ranking has been published by the China Center for Information Industry Development or CCID, and it is said to be developed by first-rate national scientists and experts.
The first place of EOS was assigned for “outstanding technical advantages in the area of efficiency of transaction confirmation, network capacity and transaction costs” of the protocol.
Despite the fact that the recent EOS Mainnet slips – since its launch on June 15, the network encountered technical problems and criticism for the freezing of some accounts – they were taken into account, the evaluation states that the project is “highly active in technological innovation”, and that it is “The new generation of public Blockchain” which is currently the most considered by the industry.
The ranking was presented as a monthly independent analysis that assesses global Blockchain projects based on their technological capabilities, usefulness and innovation. It was first announced in May in response to the Chinese government’s lack of a completely independent system for assessing cryptographic and blockchain projects.
China pays a lot of attention to Blockchain technology, even if it takes a very firm view of cryptocurrencies and ICOs. The CCID stated that the new monthly index shows the confidence of the Chinese government for Blockchain technology, and that it will serve as a guide for the “technological avant-garde of the country”.
Let’s now take a look at the Bitcoin technical picture at the H4 time frame. The market is now consolidating the recent small gains around the level of $6,223 which is a weekly pivot level. The clear and visible bullish divergence between the price and the momentum indicator is helping the bulls move higher, but there is still untested technical resistance at the level of $6,519 and $6,809. Only a sustained break out through this level would change the bias from bearish to bullish and allow for a deeper upwards correction towards the level of $7,387.
The material has been provided by InstaForex Company – www.instaforex.com
The second round of China’s supported monthly cryptocurrencies and blockchain projects has been published online.
The latest round of the Global Public Chain Technology Evaluation Index has been presented at the Shanghai Science Hall. The first place in the ranking was taken by EOS, the second place by Ethereum and Bitcoin was placed on the 17th place, out of a total of 30 analyzed cryptocurrencies. The ranking has been published by the China Center for Information Industry Development or CCID, and it is said to be developed by first-rate national scientists and experts.
The first place of EOS was assigned for “outstanding technical advantages in the area of efficiency of transaction confirmation, network capacity and transaction costs” of the protocol.
Despite the fact that the recent EOS Mainnet slips – since its launch on June 15, the network encountered technical problems and criticism for the freezing of some accounts – they were taken into account, the evaluation states that the project is “highly active in technological innovation”, and that it is “The new generation of public Blockchain” which is currently the most considered by the industry.
The ranking was presented as a monthly independent analysis that assesses global Blockchain projects based on their technological capabilities, usefulness and innovation. It was first announced in May in response to the Chinese government’s lack of a completely independent system for assessing cryptographic and blockchain projects.
China pays a lot of attention to Blockchain technology, even if it takes a very firm view of cryptocurrencies and ICOs. The CCID stated that the new monthly index shows the confidence of the Chinese government for Blockchain technology, and that it will serve as a guide for the “technological avant-garde of the country”.
Let’s now take a look at the Bitcoin technical picture at the H4 time frame. The market is now consolidating the recent small gains around the level of $6,223 which is a weekly pivot level. The clear and visible bullish divergence between the price and the momentum indicator is helping the bulls move higher, but there is still untested technical resistance at the level of $6,519 and $6,809. Only a sustained break out through this level would change the bias from bearish to bullish and allow for a deeper upwards correction towards the level of $7,387.
The material has been provided by InstaForex Company – www.instaforex.com
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