Weiss Ratings, an independent rating agency of financial institutions, announced it will issue letter grades on cryptocurrencies on January 24.
The new Weiss Cryptocurrency Ratings will be based on a model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns, the company said.
Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide. We’re proud to be the first to bring that benefit to investors — to help them cut through the hype and identify the few truly solid cryptocurrencies.
Martin D. Weiss
Founder, Weiss Ratings
According to the company, the list will include bitcoin, ethereum, ripple, bitcoin cash, cardano, NEM, litecoin, stellar, EOS, IOTA, dash, NEO, TRON, monero, bitcoin gold and many others.