Home / Crypto News / Weiss Ratings recommends buying XRP, Stellar, Cardano and EOS

Weiss Ratings recommends buying XRP, Stellar, Cardano and EOS

Weiss Ratings recommends buying XRP, Stellar, Cardano and EOS

Weiss is the first financial rating agency to value cryptocurrencies. Again, the company has audited more than 3,000 cryptocurrencies. 111 of these cryptocurrencies received a rating. Of these 111 cryptocurrencies, Weiss has rated only four as buy recommendation (rating “B” or higher). These four crypto currencies are Ripple XRP, Stellar, Cardano and EOS.

Weiss uses a range of metrics for his ratings. First, consider the technology model. It deals with the question of which technology underlies the respective blockchain and which performance potential the blockchain has. It also checks for scalability, power consumption, upgrade options and other aspects.

Weiss considers the assumption model the second measure. It deals with the question of how the blockchain works in the real world, how fast it handles transactions and how decentralized the network is. It also includes other factors, such as how many developers the project has, how popular it is and how widely it is assumed.

Weiss Ratings then rates the investment risk model. This involves measuring volatility and the potential risk of a price decline. One asks: How much money can be lost? What are the market conditions? Does the project seem overrated?

Finally, the rating agency also reviews the investment profit model. In doing so, it measures the potential for a price upswing. Weiss judges how much money you can earn and if the project is possibly undervalued.

On the basis of the enumerated parameters, Weiss assigns ratings ranging from “A” (best grade) to “E” (worst grade). From a grade of “B” or higher, a coin is considered a buy recommendation. If the coin has a grade “D +” or worse, a recommendation to sell is valid. Cryptocurrencies that Weiss rates as “C” should, according to the financial rating agency, be held.

In the current rating, Weiss classifies the cryptocurrencies Ripple XRP and Stellar Lumens as buy recommendations. This is due to their high marks for the respective technology model, which allows high transaction speeds.

The buy recommendations EOS and Cardano, on the other hand, score above all through their acceptance models. This is because of the strong communities and the ability to create dApps.

Bitcoin received the rating “C” and thus a holding recommendation. As a reason, Weiss called the outdated technology model, which leads to low transaction speeds, scaling problems and other disadvantages.

Already in January Bitcoin received a “C” from Weiss. That had led to much opposition from the community, which did not share this assessment. Even Charles Hoskinson, founder of Cardano and IOHK, hurried to help Bitcoin. So he tweeted in January as a reaction:

“Any rating that does not rate Bitcoin as” A “has a screw loose. Almost ten years of wealth creation, innovation, massive growth, proven resilience to crashes, and billions worth of infrastructure. And all without central leadership. Bitcoin is the standard. “

Weiss Ratings recommends buying XRP, Stellar, Cardano and EOS

Sources: Weiss Cryptocurrency Ratings, Twitter, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/weiss-ratings-praise-empfehlung-zum-kauf-von-xrp-stellar-cardano-und-eos-aus/

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

Leave a Reply

Your email address will not be published. Required fields are marked *