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EOS, Ripple’s XRP, Bitcoin, and Binance Coin Crowned as the Best Cryptocurrencies by Weiss Ratings

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Tue, 03/26/2019 - 15:55
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  • Weiss Ratings’ crypto-oriented department points out that the cryptocurrency industry enjoyed ‘remarkable growth’ despite the tanking prices, which was attributed to ‘an evolution in the underlying technology’. The main takeaway from the report is that the rise in adoption is inexorably linked to technological improvement
     

Cover image via U.Today
Contents

On March 26, Weiss Cryptocurrency Ratings published a report where they graded the most popular cryptocurrencies from A (‘excellent’) to F (‘failed’) based on numerous factors, such as technology, the level of adoption, investment risk, etc. EOS, Ripple’s XRP, Bitcoin, and Binance Coin are at the top, but none of the coins got the highest grade.

The methodology behind the ranking

One of the leading financial rating agencies gave each of the evaluated coins two separate grades for short-term investors and long-term investors. The former focuses on the technology behind a certain currency, taking into account numerous software capabilities (scalability, anonymity, energy efficiency, etc.), and the rate of adoption. Meanwhile, the former strictly factors technical analysis of the coin’s price movements and determined the risk/reward rating.

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Meet the best coins

There are also two ratings – one of them displays the overall grade while the other only takes into account the technology and adoption metrics. EOS, which got B-, appears to be the best digital asset on the market when all parameters are included. The fifth biggest cryptocurrency by market capitalization is followed by XRP, Bitcoin, and Binance Coin. However, BNB is a black sheep among these four given that its mark was largely inflated by a recent price surge that might turn out to be a fluke.
EOS, Ripple’s XRP, Bitcoin, and Binance Coin Crowned as the Best Cryptocurrencies by Weiss Ratings
Notably, XRP, BTC, and EOS have all aced in the tech/adoption department, which means that these coins could be the best bet for long-term investors.
EOS, Ripple’s XRP, Bitcoin, and Binance Coin Crowned as the Best Cryptocurrencies by Weiss Ratings

E-listers

None of the cryptocurrencies that were researched by Weiss Ratings failed the exam, but 16 of them still appeared in the ‘E’ range. Aurora and Electroneum are the two notable cryptocurrencies that appeared at the very bottom of the list.
EOS, Ripple’s XRP, Bitcoin, and Binance Coin Crowned as the Best Cryptocurrencies by Weiss Ratings

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.

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