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EOS, Tron, and Ethereum are the top-three public chains, says CCID Research Institute




EOS, Tron, and Ethereum ranked the top-three public chains by CCID Research Institute
Source: Unsplash

Ethereum [ETH], the second largest cryptocurrency by market cap and a leading smart contract platform, was once the top public chain in the cryptocurrency ecosystem. However, the rise of projects such as EOS and Tron seems to have affected Ethereum’s standing in the market.

The CCID Research Institute released the 11th CCID Global Public Chain Technology Evaluation Index, a report based on its technical evaluation of thirty-five public chains. According to the research, EOS was ranked first, with a total index of 155.7.

Tron, a competitor of Ethereum [as claimed by Founder Justin Sun], was placed second, with a total index of 146.7. Ethereum took the third position in the report, with a 142.8 total index. The report stated,

“Ranked 4 to 10 are BitShares, Nebula Chain [Nebulas], Ontology, Nash Chain [NULS], Public Trust Chain [GXChain], NEO and Stim Chain [Steem]. The Bitcoin composite score was 99.4, ranking 15th out of all 35 public-assessed chains, down 2 places from the previous period.”

Other leading projects in the space such as Ethereum Classic, XRP, Bitcoin Cash, Litecoin, NEM, Monero, Cardano, Stellar, Lisk, and Komodo were also a part of the report. XRP’s public chain was listed in the eighteenth position, with a total index of 94.6, while Litecoin was ranked thirty-second, with a total index of 84.7. The report said,

“The survey points include developer size, code update and code impact. The sub-index accounts for 16% of the total index. In terms of innovation, the top five are Bitcoin, Ethereum, EOS, Litecoin and application chain. The innovation sub-index of Litecoin, Bytecoin, EOS, Nebula Chain and Super Cash has increased significantly from the previous period.”

The report also stated that with reference to the “comprehensive index”, Tezos witnessed a significant improvement in terms of continuous development. Other public chains rising in the ranks included Waves, Nebulas and Ethereum Classic, the report concluded.

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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.


Bitcoin [BTC] surges above $5,500 and breaks major resistance level; collective market rises




Bitcoin [BTC] surges above $5,500 breaking major resistance level; collective market surges
Source: Pixabay

Bitcoin [BTC] broke out of its sideways trend that saw coins fall after a brilliant start to April. This “break-out” is especially significant since it came days after the coin was trading sluggishly, pulling the market cap below $175 billion.

After breaking the $5,200 level on April 16, the coin held steady, showing no noticeable dips. However, it also began losing the momentum it had gained when it rose by 15 percent on April 2. Many saw the past week as Bitcoin losing steam, opining that a drop to as low as $4,000 would manifest. This pessimism coupled with the delisting dilemma saw the global market decline by 3.31 percent over the past weekend.

Given this backdrop, the present Bitcoin price incline was even more bullish for the collective market. Further, this was not just an effort to shrug off “sideways bears,” but instead, two key levels were broken in order to usher a collective market rise and sustain BTC bullishness.

Source: Trading View


The first, as indicated by eToro’s senior market analyst Mati Greenspan, was the resistance level of $5,350. When Bitcoin began to consolidate following the early April high, Greenspan stated that if the BTC price were to punch above the aforementioned level, it “would likely serve as confirmation that we’re pushing higher and will lead to further buying pressure.”

Greenspan stated that the $5,350 level acted as a major support level throughout 2018. Hence, it is incredibly important that Bitcoin surge above it in the next rise to consolidate buying pressure. Another important point to signal the coming of a bullish market was the 200-day moving average which Bitcoin has stayed above since the April 2 rally.


The other significant level for the collective market is Bitcoin’s ascendance over $5,500, which it managed courtesy of this rally. Many, including Greenspan, pegged $5,000 as a key psychological level for the coin and hence, the rise above $5,500 less than three weeks after $5,000 was broken will bring back optimism to the BTC market.

Further, as was seen in the April 2 rise, the Bitcoin pump resulted in the king coin increasing its market dominance. At the close of March, Bitcoin was edging closer to losing the majority. However, the rally saw its share increase to 52.4 percent within a day. Following this recent 4.61 percent increase against the US Dollar, the king coin’s dominance increased to 53.2 percent.

Given the elasticity of the collective market to changes in Bitcoin’s price, the market was awash in green as Bitcoin broke the resistance and psychological levels. Amid this bullish charge, some coins stood out for their above-average gains, which included Bitcoin Cash [BCH], Cardano [ADA], EOS [EOS], Litecoin [LTC], and the exchange-ousted Bitcoin SV [BSV].

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