News

Best And Worst Cryptocurrencies To Invest Rated By Weiss Ratings

Yesterday, Weiss Cryptocurrency Ratings has outed a report giving its marks to most popular cryptocurrencies, ranking them from better to worst according to certain factors. Not surprisingly, bitcoin, ethereum, and the most known cryptocurrency projects are ranked higher than other obscure ones, but there are some surprises too.
Weiss is one of the most important rating agencies, rating with letter grades more than 50,000 assets of any kind. Weiss Cryptocurrency Ratings compiles this report to their associates to inform them of which are the best and most solid projects to invest right now. They follow a method that takes several factors to calculate the rating: the value of risk of an investment has, the possible reward of investing in that cryptocurrency; the technology index that has to do with the state of the code of the cryptocurrency, and also the adoption index that has to do with the penetration of the cryptocurrency and its use as a direct money replacement.
The cryptocurrencies are rated from A+, meaning the better possible project; B meaning it is a good project; and C meaning a fair cryptocurrency. Below this, all ratings are considered bad and investing in these coins is not recommended.
Going to the ratings itself, the best-rated cryptocurrencies are Cardano, Decred and EOS with a rating of B. Cardano and EOS are popular cryptocurrencies that can support applications built with their code framework. The, with B- comes the more traditional and known currencies, along with some newcomers: Bitcoin, Ethereum, Ripple, NEO, IOTA and Stellar Lumens.
Then, a step down from the ones mentioned, bearing a rate of C and C- are Bitcoin Cash, Verge, Dash, Nano, and Monero. These coins are still a recommended buy, but with more caveats than the rest.
Weiss advises to take these ratings with a grain of salt, give the emergent nature of the cryptocurrency market and the experimental and incomplete methodology they use to calculate these marks. Nonetheless, it serves as a good starting point to complement with your own research to invest in the cryptocurrency market.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTCoinbaseEthereum NewsETHUSDethusdtNewsxbtusd

World’s Leading Auction House Sotheby Now Accepts Bitcoin And Ethereum For Payments Via Partnership With Coinbase

One of the world’s most respected auction houses, Sotheby, is now accepting two leading cryptocurrencies as a form of payment. Sotheby Will Let You Pay For Artwork Using Bitcoin, Ethereum An increasing number of companies have started to accept digital…
cryptocurrencyDOGEdogecoinDOGEUSDMarketsNews

Dogecoin Soaring Demand Earns eToro Listing As Price Skyrockets To New All-Time High

The price of Dogecoin has clocked a new all-time high after news that Israeli multi-asset brokerage firm eToro has added DOGE to the list of tokens it offers retail investors via its trading platform. Announced on Monday, the move marks…
Bitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyCryptocurrency NewsebayNewsxbtusd

Following PayPal’s Foray, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market

E-commerce giant, eBay Inc, has revealed a tentative plan to include crypto payments among its range of payment options for customers. The world’s 66th most valuable company made this announcement in a CNBC interview with the company’s CEO, Jamie Iannone,…