Weiss Ratings Released its Rating Report! Here are the Best Cryptocurrencies
Rating agency Weiss Ratings updated the overall crypto rankings considering adoption, technology, market momentum and investment risk. Weiss Ratings’ new rating list is as follows; Ethereum (ETH) is followed by Bitcoin (BTC), Cardano (ADA), Litecoin (LTC) and Stellar (XLM). In addition, the crypto rating agency calls Cardano the top-of-the-line cryptocurrency.
Everyone was surprised that the Shelley hard fork did not affect the Weiss Ratings rating. However, Weiss Ratings analyst Juan Villaverde said that the long-awaited upgrade was taken into account in last year’s crypto rankings. Juan Villaverde made the following statement on the subject:
SHELLEY WAS ALREADY REFLECTED IN OUR TECHNOLOGY MODEL BECAUSE WE HAD COMPLETE CONFIDENCE THAT THE HARD FORK WOULD HAPPEN. WE ARE ALSO CONSIDERING THE SAME MODEL IN WHICH CARDANO CAN RUN SMART CONTRACTS AND DAPPS BECAUSE WE THINK THESE WILL EVENTUALLY EMERGE. SO WHEN CARDANO POSTS A CODE UPDATE, IT DOESN’T REALLY REFLECT IN OUR RATINGS UNLESS THERE IS SOMETHING NEW. THINGS THAT WERE NOT ON THE PREVIOUS ROAD MAP CAN BE TAKEN INTO ACCOUNT … AS CARDANO’S BLOCKCHAIN FUNDAMENTALS EVOLVE OVER TIME, IT WILL BE REFLECTED IN OUR RATINGS.
Weiss Ratings: Cosmos, Fantom, Tezos, and Ethereum are the best cryptocurrencies in terms of technology
Weiss Ratings also considers Cosmos (ATOM), Phantom (FTM), Tezos (XTZ) and Ethereum as the best cryptocurrencies in terms of technology. As for the state of the market Crypto Juan Villaverde , investors say long bull rally last of the great crypto continues to focus on money. Juan Villaverde made the following statement on the subject:
THE SECOND STORY LOOKS AT THE MINIATURE PERSPECTIVE. WHEN A REAL CRYPTOCURRENCY BULL RUN STARTED, WE SAW A FLOW OF SMALL COINS AFTER STAR GAINS. THIS WEEK’S PATTERN SHOWS US THAT THE CRYPTO MARKETS ARE NOT YET AT THEIR PEAK AND HIGHER PRICES ARE STILL WAITING FOR US. ONCE WE ENTER THE LATER STAGES OF THE RALLY, WE USUALLY SEE SMALLER ALTCOINS OUTPERFORMING THE BROADER CRYPTO MARKET. THE FACT THAT THE RALLY WE’VE SEEN SO FAR – ALTHOUGH REMARKABLE – IS MOSTLY CONCENTRATED ON HIGH-QUALITY NAMES TELLS US THAT CAUTION IS STILL HIGH AMONG CRYPTO MARKET PARTICIPANTS.
Weiss Ratings has been doing financial market research and analysis for over 30 years and published its first crypto rankings in early 2018.