Weiss Ratings Names XRP and EOS Best Cryptocurrencies in New Report
In a new report on emerging trends in the cryptocurrency market, the rating agency Weiss XRP and EOS received higher ratings than Bitcoin.
On Tuesday, the company presented a report titled “Dark Shadows with a Brighter Future,” which included 120 cryptocurrencies and assigned them letter ratings for the best combination of technology and practical value..
XRP, currently the third largest crypto asset by market cap, received an ‘A’ grade. According to the publication, it is in the “best position” to compete with the Society for Worldwide Interbank Financial Telecommunications (SWIFT). EOS also earned an ‘A’ rating as the leading cryptocurrency competing against Ethereum as the ‘foundation of the new internet’.
Bitcoin became the third A-rated cryptocurrency. The company took into account the development of a second-tier solution for transactions in the Lightning Network and recognized the potential of bitcoin to become a popular store of value. It is followed by Ethereum with “A-” and Cardano with “B +” as platforms with ample opportunities for creating and launching smart contracts..
In a separate order, the agency assessed the attractiveness of crypto assets for investors in terms of the ratio of risks and potential returns. According to Weiss, only EOS, XRP, Bitcoin and BNB deserve a “B-” grade, and none of the cryptocurrencies earned an “A” grade..
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