Weiss Ratings Named 12 "Weakest Cryptocurrencies"

Citing several factors, including risks for investors, technological features and popularity, the agency named 12 "weakest" coins
16 March 2018   411

Weiss Ratings, one of the world's largest rating agencies, presented a new analysis related to the crypto-currency market, which included 12 of the weakest digital assets this time.

Citing several factors, including risks for investors, technological features and popularity, the agency assigned these alphanumeric ratings from D to E, where D means "weak", and E - "very weak".

According to Weiss Ratings, at present traders should avoid investing in the following crypto-currencies:

  • Auroracoin (D-)
  • Comet (E-)
  • Electroneum (E+)
  • Expanse (E)
  • Gulden (D-)
  • Matchpool (E)
  • Megacoin (E-)
  • Novacoin (E)
  • PotCoin (D-)
  • Quark (E-)
  • Rise (D-)
  • SaluS (E-)

Many newcomers rush into cryptocurrencies precisely at the wrong time — when speculative buying has reached a frenzy, crypto exchanges are overwhelmed and prices are on the brink of the next crash.

That’s a shame for two reasons: They lose a lot of money. Then they lose interest, bow out and miss out on the truly big opportunities.
 

Martin

Weiss Ratings

Recently, agency upgraded the rating of bitcoin from C + to B- in light of the development of technology Lightning Network.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   37

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.