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Bitcoin Cash [BCH] tackles EOS to acquire fourth position on top-10 cryptocurrency list

Namrata Shukla

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Bitcoin Cash [BCH] tackles EOS to acquire fourth position on top-10 cryptocurrency list
Source: Pixabay

The cryptocurrency market has successfully challenged most of the major coins to fight for their place and it is seen happening between two of the powerful coins on the top-10 cryptocurrency list of CoinMarketCap.

Bitcoin Cash [BCH] and EOS have been in a race ever since BCH fell down on the top-10 list. However, as of February 2, BCH pumped and overtook EOS. BCH had pumped before too, but EOS played along and spiked too, leaving the coin behind. At the time of press, BCH is leading in this clash of the Titans.

Bitcoin Cash [BCH]

Source: Trading View

Source: Trading View

As per the one-hour chart of BCH, a sudden hike can be seen which took the coin to the fourth position. At the time of press, the coin was valued at $121.37, noting the growth of 4.57% over the past 24 hours. The coin started falling after this hike but did bounce back as it registered a recovering growth of 0.20% in the past hour.

The coin has plunged by 5.44% over the past seven days and registered a market cap of $2.136 billion. The coin registered a 24-hour trade volume of $244 million.

BCH was highly traded on BW exchange, which registered a volume fo $21 million with the BCHABC/USDT pair. BW was followed by Huobi Global which noted a trading volume of $12 million with BCH/USDT pair. The third place was taken by BCH/BTC pair with a volume of $12 million on BCH/BTC pair.

EOS

Source: Trading View

Source: Trading View

EOS’s one-hour chart traces the sudden hike of the coin right after BCH’s hike, which had put it back to the fourth position for a while. However, after this growth, the coin started to fall and slipped to the fifth position. The coin has not recovered enough to replace BCH from the fourth rank.

At the time of press, the coin was valued at $2.35 with a market cap of $2.127 billion. The coin registered 24-hour trading volume of $577 million with a 0.75% growth over the past day. The recovering coin noted a rise of 0.02% over the past hour but has plunged by 4.60% over the past week.



EOS was highly traded on DOBI Exchange, which registered a volume of $80 million with EOS/BTC pair. However, Bibox and LBank took the second and the third position, with each registering a trading volume of $51 million and $39 million with EOS/ETH pair, respectively.

The two coins are close in terms of their market cap and have been in a battle of strengths for a long time now.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Altcoins

EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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