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Cardano (ADA) Is "Vastly Superior" to EOS: Weiss Crypto Ratings

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  • Alex Dovbnya
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    Cardano is now in the good graces of Weiss Ratings as it prepares for the new Shelley era

Cardano, EOS
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Weiss Ratings, the only reputable financial rating agency that does crypto rankings, has seemingly found a new darling -- Cardano (ADA). Charles Hoskinson's brainchild is now deemed to be "vastly superior" to EOS after finishing the first snapshot and balance check for Shelley.  

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Back in June, Weiss Ratings has downgraded the score of EOS due to centralization concerns. The agency claimed that it was up to Cardano to come up with a truly decentralized proof-of-stake (PoS) network.    

This represents a major shift in the company's outlook towards on EOS. The token behind that underpins the ambitious idea of a decentralized world's computer was named the best digital asset by Weiss back in March, which made the coin surge by more than 11 percent.         

EOS takes a lot of heat because of its controversial governance model. The project was caught in a major scandal in September 2018 after an internal document from Huobi, one of the block producers (BPs), shed light on "mutual voting" that was meant to keep control over the network. Block.one, the developer of the EOS.IO blockchain, addressed this issue by claiming that they would ensure a democratic election process.

Recently, Block.one decided to make its voice heard by announcing its decision to participate in the block producer voting, which was seen as a step closer to centralization by the community.         

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In the meantime, EOS continues to reign supreme in China. As reported by U.Today, EOS retained its first spot in the freshly published rating by the Chinese CCID Research Institute. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital

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  • Alex Dovbnya
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    Bitcoin could hit a new all-time high with network fees exceeding $100 in 2020, according to Blockchain Capital

Bitcoin Fees Could Exceed $100 in 2020: Blockchain Capital
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Blockchain Capital's Spencer Bogart has recently published a list of 2020 predictions for cryptocurrency predictions. The most remarkable one concerns Bitcoin fees that are expected to surpass $100 next year due to the growing demand for transactions.

Back in December 2017, during the heyday of crypto, the average Bitcoin transaction fee increased to $55. As of Dec. 12, 2018, it is just at $0.52, BitInfoCharts data shows.    

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Bitcoin blast past a new all-time high 

According to Blockchain Capital, Bitcoin is set to experience another price rally in 2020 that could push its price above the current all-time high of $20,000. However, it is very unlikely to touch reach $1 mln (sorry, John McAfee).  

The crypto community expects the BTC price to skyrocket because of the upcoming halvening after the enormous returns of the previous two events. This time around, the reward for each mined coins will be decreased to just 6.25 coins. 

As reported by U.Today, the famous stock-to-flow model, which measures the coin's value by determining its scarcity, would be invalidated if Bitcoin didn't surge past the $100,000 mark before December 2021. 

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Privacy coins get delisted 

In the meantime, Blockchain Capital suggests that 2020 is going to be a tough year for stablecoins. Major exchanges could be forced to delist the likes of Monero (XMR), Zcash (ZEC), and other anonymous cryptocurrencies due to growing regulatory pressure. 

The writing is already on the wall. ZEC, which recently reached a new all-time low, was delisted from Coinbase UK back in August. In October, OKEx Korea moved to delist all major privacy coins but later decided to review its decision.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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