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