In the new report on emerging trends in the cryptocurrency market of the rating agency Weiss XRP and EOS received higher marks than Bitcoin.
On Tuesday, the company submitted a report under the heading “Dark Shadows with a Bright Future”, in which it included 120 cryptocurrencies and assigned them letter ratings for the best combination of technology and practical significance.
XRP, which is currently the third largest crypto asset in terms of capitalization, received an “A” rating. According to the publication, it is in the “best position” to compete with the SWIFT. EOS was also awarded the “A” rating as the leading cryptocurrency competing with Ethereum as the “basis of the new Internet”.
Bitcoin became the third cryptocurrency with a rating of "A". The company took into account the development of a second-level solution for implementing the Lightning Network transactions and recognized the potential of Bitcoin to become a popular means of accumulation. He is followed by Ethereum with “A-” and Cardano with “B +” as platforms with wide possibilities for creating and launching smart contracts.
Nothing could be further from the truth. Leading cryptocurrencies now enjoy three times more volume in user (on-chain) transactions than they did in early 2018. The industry’s network capacity and security have improved dramatically. And the underlying technology has evolved with new, more efficient ways to create digital assets.
Weiss Ratings Top 10 Coins
In a separate procedure, the agency assessed the attractiveness of crypto assets for investors from the position of risk versus potential profitability. According to Weiss, only EOS, XRP, Bitcoin, and BNB deserve a “B-” rating, and none of the cryptocurrencies have been rated “A”.