China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. Ethereum 1st, STEEM 2nd and Bitcoin 13th.

Very nice for Steem because this may draw in a few more big investors and many smaller buyers in China that may never even have heard of Steem yet on Huobi where Steem was just added along with more Chinese users to Steem! I agree with their #1 and #2 rankings as things are today while we appear on Steem to be on pace to pass Ethereum.

What is amazing is that while many of the blockchains listed have values on the market comparable to the ranking, Steem has 1% of the value of Ethereum today. We are in for a gold rush when smart media tokens come out and the traders realize Steem is the only blockchain likely to pass Ethereum as the top cryptocurrency. Wait what about Bitcoin? When we include all of the tokens on Ethereum as part of the Ethereum Blockchain, Ethereum is actually #1 in market value by far because the tokens on Ethereum are completely dependent on Ethereum for value and transactions.

Definitely resteeming this!