Steem With A Big Jump In The China CCID Rankings
President XI of China made big news when he stated that China was going to make a commitment to implementing blockchain technology as part of the country's technological future.
This speech caused, according to many, a big spike in the price of Bitcoin. It has a huge move over the weekend. If nothing else this shows how large the Chinese market is.
For this reason, the most updated rankings by are very impressive for Steem. The China CCID rankings were released and Steem placed a strong #6.
https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankings
This is an impressive jump from just a quarter ago when Steem ranked #10 on the index.
https://atozmarkets.com/news/2019-china-crypto-rankings/
As we can see, even though Steem fell a bit in the "basic tech" category, it gained significantly in both the "Applicability" and "Creativity" categories. The were the two areas where Steem fell behind the other ones in the top 10.
Having a good rating in China can only help Steem long term. It is obvious the country is determined to embrace blockchain technology. While none of the reports over the weekend dealt with cryptocurrency, it is hard to separate the two.
We know this is also one of the largest markets in the world. With over 1.2B people, China has the population to really throw up some impressive numbers if an application is embraced there. While there are difficulties with the firewall issue, the Chinese population, for the most part, is technologically advanced.
This is a positive sign for the future of Steem. The fact that not only does it rank highly, but also improved in a couple categories from a quarter ago shows that progress is being made.
In spite of what we might think being on here on a daily basis, Steem is starting to get some recognition on the outside.
Now if the bear would just go into hibernation.
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Sometimes we need to see some good news for Steem. China could be a difference maker.
We are promoting Steem's application in China and will develop SMTs CN based on SMTs to enable Chinese communities to enjoy the changes brought by the blockchain.
it's a little more than an issue, it's not like 'get a patch for your norton' kinda firewall issue, but yes, the news is rather good to see it mentioned and moved up for sure.
All the more reason to support mesh-network projects and decentralizing the Internet itself.
As the large countries of the planet join in the development of crypto systems, the thing to remember is that countries like China and India will join in as it becomes convenient for them, not for the betterment crypto trading. Hopefully it will just follow that crypto currencies in general will benefit from more involvement by large disparate populations.
I know from a good source that Xi Jinping is just awaiting for the official launch of the SMT protocol to take over the world by storm. Fear not!
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Its sort of like they just used the https://blocktivity.info @blocktivity list lololol
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Steem is definitely one of the most undervalue blockchain projects, time will come