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Weiss Ratings Gives ‘Buy’ To Several Coins Including Ripple and Stellar

· 05 Nov 2018 in Cryptocurrency News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

The independent financial rating company, Weiss Ratings has analysed over 3,000 different cryptocurrencies. The conclusion is that just four of them can be considered as a ‘buy.’ Another 111 coins were rated. The information was released by Martin D. Weiss and Juan M. Villaverde in a blog post a few days ago.

Weiss Ratings Releases a New Report

In the report released by Weiss Ratings, there are just four coins that were considered a ‘buy.’ These tokens should have a mark of B- or higher. These coins were XRP, Stellar (XLM), EOS and Cardano (ADA).

Both XRP and Stellar have received a good rating due to their transaction speeds. There are many companies using these coins to send and receive cross-border payments in a fast way. Indeed, they are faster than coins such as Bitcoin (BTC), Litecoin (LTC) or Ethereum (ETH).

EOS and Cardano are known as third-generation cryptocurrencies and blockchain networks. Because of developing great app building capabilities and strong communities they have acquired the ‘buy’ mark. All these coins were able to improve their metrics amid the bear market in the crypto world.

About it, the report says:

“As we’ve explained from the outset, these four have technology that’s built for excellence and fully capable of achieving their specific goals. And, at the same time, they’re enjoying rapidly improving adoption metrics, especially during the past 10 months.”

Weiss Ratings evaluates technology, adoption, investment risk, and investment reward. Based on these parameters, each of the coins receives a grade. These grades can be between ‘A’ and ‘E.’ Those that have a ‘B-’ or higher are considered a ‘buy.’ Those with ‘D+’ or lower are considered a ‘sell.’ Finally, those in the middle with ‘C’ are considered as ‘hold.’

In this case, the most popular virtual currency, Bitcoin (BTC), receives a ‘C+’ grade. However, there are some experts in the crypto world that don’t agree with the rate given to Bitcoin. Charles Hoskinson, the founder of Cardano and IOHK, said that Bitcoin deserves an A rating.

About it, he said:

“Any rating that doesn’t give Bitcoin an A has got some screws loose. Nearly ten years of wealth creation, innovation, massive growth, proven resiliency against crashes and billions worth of infrastructure. And all without a leader. Bitcoin is the standard.”

Weiss Ratings has also commented that in the next five years, Bitcoin could lose 50% of its market share to other ETH-Like network or blockchain. Nevertheless, is very risky to make predictions for the long-term in a market that fluctuates at all times.

Weiss Ratings started to publish monthly reports on virtual currencies since the beginning of the current year. This is the first rating agency that decided to analyze and include virtual currencies into their rated assets. In the future, other rating companies could follow Weiss Ratings’ path and start to offer similar analyses.

 

Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

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