Post
Topic
Board Speculation (Altcoins)
Re: China ranked ethereum as #1 and it has been dumping hard ever since?
by
Superzpay
on 18/05/2018, 23:04:20 UTC
https://bitcoinist.com/china-release-cryptocurrency-ratings-ranks-ethereum-1st-bitcoin-13th/

there was some commotion about this and they finally named ethereum as number one!!! and as soon as they did this everyone started dumping ETH....

why do you think that is? was this a confirmation of its centralization?
They ranked this coin on the technology base and it shows that the ranking is given by those people who need crypto technology which is provided by ethereum, mostly of which is platforms for ICO projects. But in reality people know these coins more as a currency and they mostly use it for the sake of currency and even with high technology resources, according to them, it is still lower than bitcoin which means that bitcoin is more favorable than ethereum. While if you are talking about the price then bitcoin is still at a good position than all other coins which dumped in the previous days.