China Ranks STEEM At No.2 Of All Blockchain Initiatives. If SMTs Were There, It Could Have Been No. 1

in steem •  7 months ago

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China has been notorious to put a ban on all ICO projects, closing down all crypto-currency exchanges, blocking all websites dealing with cryptocurrency trading and cracking down on miners in its territory. Whether it was BTC or ETH, everything came under that ban.

Surprisingly, China has now become the first country in the world to start publishing ranking of crptocurrencies on a monthly basis. China Center for Information Industry Development (CCID) under China’s Ministry of Industry & Information Technology has launched a monthly rating index for 28 cryptos and blockchains. In its first published table, it has ranked Steem at No. 2 and Bitshares at No. 12 (above Bitcoin):


Link to original Tweet

It was a pleasant surprise to see STEEM with a score of 115.9 ranked at No. 2 just below Ethereum. The Index is based on 3 major aspects; technology, its application and innovation. Steem is the top currency according to the technology but it has performed poorly on application front.

IMHO, if SMTs had been launched well in time, the “application” part may have scored some more points and may have put Steem at numero uno position. Steem need to catch up fast and come up with SMTs, Velocity and AppBase at the earliest. We have another chance to show up next month 😉. Although these charts don’t have much credibility in the crypto trading or investing circle, many people get influenced by looking at such charts and these would at least put the spot light on the Steem.

  • Do you believe Steem is as valuable as to justify its No.2 position?
  • Where do you rank Steem by next quarter?

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This is a great news! Thanks for sharing! I believe very much in Steem, and I hope it will soon be # 1; I agree with you that after the launch of SMTs, steem will further improve in ranking.

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I'm also hoping for a quicker launch of SMTs. Steem will get more interesting with it. Let's see when it happens.

This is good news for every steem investors

Steem should be no 1 😁.
Thanks for sharing.

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Right efforts in that direction will certainly lead it there.

For some reason steem price keeps going down

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The whole crypto market is on a fall these days. But generally, I've seen Steem perfroming better than many prominent altcoins even during the bear run. Let's see how it goes.

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Thanks for all the informations!

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You're welcome!

Nice to see STEEM being recognised as one of the top crypto-currencies out there. Thanks for sharing such news.

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Yes, we are happy to see it happen. But the question is to sustain the leadership in the long run. Let's hope for it. We can do that!

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WOW, thanks a lot for this kind gesture! Hoping to see the website soon.

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Steem really has he potential for hitting number 1!

The only point I see slowing this down is the lack of advertisement. Steemit should try to be part of conferences and meetups and generally start to promote Steemit with ads and stuff. The concept as it is is great in my opinion!

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Yeah, you're right. But before promoting Steem aggressively, it needs to come out of its beta version. Steem don't have an easy and smooth account on boarding system in place even for the current influx. It won't be able to handle the higher volume resulting from advertising. Scaling up issues need to be addressed first.

Que bueno esto de las recompensas para los lectores. Estoy de acuerdo en que el steem sea el n°1.

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हाँ, पाठकों के लिए यह एक अच्छी खबर तो है, परंतु यह कितनी प्रभावशाली है, इस बारे में मैं आशंकित हूँ!

That is really good

STEEM needs to spread more and more

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Yeah, only that can help for an upswing in its price 😊.

Thank you for your continued support of SteemSilverGold

This seems to me to be a great information for all the readers that are united to this community of steemit but it needs to be extended more and more. @xyzashu

This post has received a 14.12 % upvote from @booster thanks to: @xyzashu.