Weiss Crypto Ratings released the names of it considers most likely to succeed in 2019. The independent ratings agency has given an A “tech/” grade along with ’s XRP and -competitor .
Weiss Report Predicts a ‘Bright Future’
Weiss evaluates combining two factors, the rate and technology. Upon evaluation, Weiss assigns letter grades indicating the crypto asset’s likelihood to succeed and its long-term sustainability.
On 26 March 2019, Weiss published a comprehensive on the crypto market entitled “Dark Shadows with a Bright Future.”
The report is the outcome of reviewing 122 digital coins against four factors: technology, , risk, and reward. Then, strictly basing the rating only on technology and factors, Weiss concludes that the ten top are as shown in the table below:
Weiss proposes that “ultimately, only boasting the best combination of and technology will succeed.” And it rates , , and XRP with the highest letter grade: “A” rate (excellent).
And when the analysis also includes risk and rewards factors, the ranking is as follows:
The report argues that although the value of significantly declined in 2018, crypto technology continued to evolve, and new crypto assets were launched exhibiting faster processing speeds. As a result, rates have increased.
Additionally, Weiss notes,
Since February 2018, the volume of user (on-chain) transactions among the ten most widely used has grown by 245 percent.
bitcoin ‘Best Positioned’ to Become a Popular SoV
Last year, Weiss had ranked with a “C-” rate under the all four-factor evaluation (, technology, risk, and reward). At that time, Weiss that had obtained this rating was because the currency was being afflicted by significant transaction delays and high transaction costs.
Now, Weiss has upgraded to “B+”, highlighting that its technology has dramatically improved. Specifically, the report states,
has been upgraded with the roll-out of its Lightning Network and is the best positioned to become a popular of value for savers and investors.
It should also be noted that Weiss consideres to still be “the proven leader in .” What’s more doesn’t have much competition even among high-ranking are vying for different markets.
The main competitor of XRP, for example, is the legacy SWIFT network. While , and are focused on smart-contracts and “innovative governance features.”
, the original , is still the proven leader in … Like gold bullion, its value is not controlled by monetary authorities, and it can be a safe haven in times of turmoil. Unlike the yellow metal, it costs virtually nothing to or transport.
What do you think about Weiss’ ratings? Let us know in the comments below!
Images via Weiss Crypto Ratings, Shutterstock
Published at Wed, 27 Mar 2019 09:58:07 +0000
