Home / Crypto News / Weiss Ratings: EOS is the best cryptocurrency, followed by Ripple XRP, Bitcoin and Binance Coin (BNB)

Weiss Ratings: EOS is the best cryptocurrency, followed by Ripple XRP, Bitcoin and Binance Coin (BNB)

image

The US rating agency Weiss Ratings has released its latest assessment of the crypto industry and current market trends. The results are surprising.

Weiss rated 122 cryptocurrencies for the rating. The services were analyzed with regard to different metrics. The best performers were the crypto currencies EOS, Ripple XRP and Bitcoin. According to the rating group, these cryptocurrencies are expected to be successful this year.

Martin D. Weiss, the founder of Weiss Ratings, said:

“Notwithstanding the lower prices since the beginning of 2018, our rating model clearly demonstrates that a significant portion of the crypto industry has shown significant growth. This applies to user volume, network capacity and network security. Equally important is our observation that these improvements have often been achieved through advancement of the underlying technology. Therefore, for those who are ready to take the risk, the best time to invest might be imminent. “

The rating system of Weiss

Weiss Ratings is so far the only agency that publishes ratings for cryptocurrencies. The system uses letters as notes. “A” stands for “excellent”, “B” for “good” and “C” for “neat”. The tail lights form “D” (for “weak”) and “E”, which stands for “very weak.”

In the current rating, EOS, Ripple XRP, Bitcoin and the Binance Coin each received the overall rating “B-” (ie “good”). 27 Cryptocurrencies rated Weiss with “C” and 75 with “D”. As “E”, so as “very weak”, classified 16 crypto currencies.

The reasons for the current rating

Weiss sees EOS as the coming backbone of the new internet. The positive rating for Ripple XRP is based on its challenger role over Swift. Bitcoin sees the rating agency positively in terms of the Lightning Network. So Bitcoin, so Weiss, is in the best position to become a general value store for savers and investors.

Steem, NEO, Stellar Lumens, Zcash, and BitShares are also in the top 10 technology and adoption categories.

The rating is divided into two categories. One of them refers to the potential risks and profits. The other focuses on technology and adoption.

In the evaluation of the technology / assumption, the network security, the network capacity and the speed of the respective blockchain flow under real conditions. Also included are scalability, market penetration and decentralization of block production. Developer participation, public acceptance and estimated energy consumption are also part of the rating.

Weiss explains:

“Investors should not lose sight of the risk of loss. This is much higher for cryptocurrencies than in almost all other asset classes. Therefore, Weiss' overall ratings, which include risk and reward factors, are lower than the ratings of the Technology / Annah

category

Binance Coin on eToro Source: Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/weiss-ratings-eos-is-the-best-cryptowaehrung-gefolg-von-ripple-xrp-bitcoin-and-Binance-coin-bnb/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.

We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It's also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.

About Coin News Desk Team