Weiss Crypto Ratings Releases New Reports; Indicates 2019 Could Be a Year of Success for the Crypto Space
Weiss Crypto Ratings has released new rankings for various digital currencies and identified crucial factors for success in the space.
Weiss Crypto Ratings, a part of Weiss Ratings, LLC that provides financial ratings data for over 53,000 financial institutions since 1971, published a comprehensive report on cryptocurrency market trends and developments. The agency ranked digital assets, using the state of mass adoption and technology innovation as the main assessment criteria for long-term success. All in all, the agency analyzed 120 cryptocurrencies, providing assessments based on adoption/technology and risk/reward parameters.
Weiss Ratings founder, Martin D. Weiss, commented:
“Despite lower prices since early 2018, our ratings 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. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. Therefore, for those willing to take the risk, the best time to invest could be very near.”
The agency provided a list of the most promising coins for long-term investors. Below are the top-5 coins with the best combination of technical and adoption characteristics.
- Ripple’s XRP, Tech/Adoption Grade A. The coin provides a sound network for interbank money transfers and effectively competes with SWIFT
- EOS, Tech/Adoption Grade A. This cryptocurrency is considered as a rising star of the new Internet that may dethrone Ethereum from its leading position
- Bitcoin, Tech/Adoption Grade A. Following the recent Lightning Network roll-out, the coin has a good chance to become a store of value of choice
- Ethereum, Tech/Adoption Grade A-. Being the most popular platform for smart-contracts, Ethereum faces scaling issues.
- Cardano, Tech/Adoption Grade B+. The project is well positioned to gain popularity due to advanced smart contract capabilities, monetary policy, and governance.
Steem, NEO, Stellar, Zcash, and BitShares also got high grades and ended up in top-10 coins.
Meanwhile, investors should be aware of the risks related to digital assets. According to Weiss, cryptocurrencies are far riskier than any other traditional asset class. The agency created a separate rating based on risk and reward ratio and the results are less impressive as none of the coins got an A rating and only four of them - EOS, Ripple, Bitcoin, and Binance - were assigned a B- grade.
Consumers, investors, and companies can access all ratings provided by the agency online. They are updated on a weekly basis to provide the market participants in-depth details on each coin’s adoption, technology, risk, and reward and help make informed decisions.
Apart from that, the authors of the report, Martin Weiss and Juan Villaverde, identified five trends within the cryptocurrency industry. Thus, the experts pointed out a remarkable growth of transactions volume and rapid technological improvements as the main catalysts behind adoption. They also cited the rising popularity of Delegated Proof-of-Stake (DPoS) coins that are growing their market share at the expense of Proof-of-Work (PoW) coins.
Some cryptocurrencies are moving beyond blockchain, while dApps (Decentralized Applications) are starting to play a huge role in such industries as decentralized social media, peer-to-peer lending, and secure election systems.
Visit https://weisscryptocurrencyratings.com to learn more about Weiss Crypto Rating and get access to the most in-depth research on top cryptocurrency assets.