Crypto market trend according to Chinese Blockchain Index

Comparison of Chinese Blockchain Index rankings and CoinMarketCap (coins) ranking. With a possible increase shown by taking into account the current market capitalization differences

China’s Ministry Rates Ethereum as the Top Public Blockchain

China’s Ministry of Industry and Information Technology has for some reason decided to rate cryptos by giving them an abstract number presumably plucked out of thin air because they provide no reason or explanation.

The end results, therefore, have been widely ridiculed in public places, but at least they got one thing semi-right, ethereum is the top public blockchain according to their “ratings.”

As you can see, the above section is taken from https://www.trustnodes.com . I can recommend this crypto-news site. The article explains what the "Chinese Blockchain Index" is and why a critical look is highly recommended. Trustnodes do not show the complete ranking. The full list ca be seen on btc-echo

In my opinion the article did not go far enough. Accordingly, I have compared the "Chinese Blockchain Index" ranking with the current cryptocurrency ranking from https://coinmarketcap.com/coins/ (no tokens).

The percentage increase in value can be estimated by taking into account the median change in value of the market capitalization of all considered coins. Assuming the re-sorting of the according to the "Chinese Blockchain Index"

The small reduction in bitcoin is explained by the high market capitalization compared to the median of the change in value per rank.

The calculated median per rank is 264,031,966 $. After re-sorting of the considered coins the new total market capitalization is calculated to 311,332,700,571 $. This is a reasonable value.