Weiss Cryptocurrency Ratings Gives Bitcoin, Ripple, and EOS “A” Grade
Called “Dark Shadows with a Bright Future,” the report analyzed 120 cryptocurrencies and assigned each a letter grade based on their underlying technology and user adoption. All three of Bitcoin, Ripple, an EOS received the highest mark of an “A” while Ethereum (ETH) received an “A-”.
The report described Ripple as the crypto “best positioned” to compete with SWIFT (the global industry system for interbank transactions) — a goal that Ripple has openly stated. EOS, for its part, was named the leading cryptocurrency that could compete with Ethereum as the “backbone of the new internet.” Indeed, EOS has been described by some as an “Ethereum killer,” but it is very possible the two can co-exist productively.
Bitcoin was the recipient of an “A” for its new Lightning Network — a second layer, off-chain protocol designed for small payments so as to not clog up the network — upgrade and its ability to become a store of value (like gold, the current sort of default store of value) for investors all around the world.
However, other results based on a different rating system in the report pertaining to risk and reward factors were not as rosy. Only four coins analyzed in the report — BTC, XRP, EOS, and Binance’s native coin, BNB — were given a grade of “B-”, with none receiving a higher mark.
Still, Weiss Cryptocurrencies founder and namesake Martin D. Weiss seems to believe better days are ahead for the crypto space, despite the current bear market:
“Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. Therefore, for those willing to take the risk, the best time to invest could be very near.”