What the 4th Round of CCID Rankings Means for Nuls

Hello fellow crypto enthusiasts,

In the fourth round of CCID blockchain ratings and the first time Nuls was included in the rankings, Nuls placed 21st. This is a tremendous accomplishment for the Nuls core team and community. In a short time frame, Nuls has gone from an air-drop dark horse to a clear contender in the enterprise platform arena. The project is still young with plenty of good news in the pipeline. Here are the rankings(photo credit ot Coinness) and my takeaways from the results.

First, Nuls has a relatively high innovation score and a solid technology score. It's applicability score leaves something to desire, however, this will likely change as Nuls already has adopters lined up. Second, comparing these rankings to Nuls market-cap suggests that Nuls is severely undervalued. At the time of writing, Nuls ranked 94 by market-cap at a market-cap of just over 64 million USD. OmiseGO is currently number 21 by market-cap and sits at just under 600 million USD total market-cap. This doesn't mean Nuls will go to a 600 million USD market-cap but it suggests there is a lot of opportunity for a great ROI. Finally, Nuls will be releasing smart contracts and an innovative feature chain factory in the near future. Chain factory will be a game changer in the crypto space as it will enable organizations to easily and effectively create a side chain suited to their enterprise needs. With these changes, expect Nuls to rise in the rankings.

Disclaimed: I am a Nuls community member and Hodler.

Thanks, and I hope you enjoyed. Drop any thoughts in the comments below.