Weiss Crypto Ratings, a division of Weiss Ratings, LLC, launched a comprehensive report on emerging trends of 120 cryptocurrencies in the cryptocurrency market. The report assigned top letter grades to coins with the best combination of adoption and technology, indicating a high likelihood of long-term success.
The report which is available to download here was labeled “Dark Shadows with a Bright Future” - based on the analysis of 120 cryptocurrencies and assigns letter grades to cryptocurrency that have the best combination of adoption and technology and its most likely to succeed in the coming year.
XRP, the world's third-largest coin by market capitalization according to CoinMarketCap, is ranked “A” and per the report is the “best positioned” to compete with SWIFT — a global system for interbank transactions. EOS also received an A grade as the leading cryptocurrency that is challenging Ethereum (ETH) in an attempt to become the “backbone of the new internet”.
The report also mentioned that Bitcoin which was upgraded with the roll-out of its Lightning Network is the best positioned to become a popular store of value for savers and investors and was ranked grade “A”. The fourth currency per the report is Ethereum and was ranked “A-“as it is facing difficulties with scaling while Cardano is said to provide the most advanced smart contract capabilities, monetary policy, and governance and its ranked “B+”.
Weiss rating founder, Martin D. Weiss, believes that despite the bear markets the best time to invest in cryptocurrencies is near
"Despite lower prices since early 2018, our rating model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security [...] Therefore, for those willing to take the risk, the best time to invest could be very near.”
What do you think about this report, yah or nah? Head over to Discord now Let’s talk about it.
Julzin 'Sensei' - Altcoin Ninjas - See you soon Ninjas!