How and Why to Rent Nicehash Miner
EOS, Cardano (ADA), Decred (DCR) Receive Top Ratings by Weiss Ratings
On Tuesday, May 29th, the infamous investment rating bureau, Weiss Ratings, made public a PDF list composed of 93 cryptocurrencies usually only viewable to its paying customers.
Weiss Ratings is the nation’s leading independent rating agency and has been grading financial institutions since 1971. Currently, Weiss Ratings assigns letter grades to nearly 55,000 investments and institutions such as stocks, mutual funds, ETFs, insurance companies, and banks. The company made the pivot to cryptocurrencies back in January 2018.
The ratings given to these cryptocurrencies are based on an average of two different grades that are given based on the project’s investment risk/reward grade and technology/adoption grade.
— not simply an average of the two component grades. At this stage in the industry’s transition to newer technologies, it remains extremely difficult for any one coin to achieve top scores across the board. Older generation coins with broader adoption typically lag in technology. Alternative coins with more advanced technology lag in adoption. And none currently have a risk-reward balance that’s comparable to many traditional investments.”
The company states their overall goal is to help the public avoid the ‘hype and fear’ and to invest with more confidence and awareness of potential dangers.
Investors should interpret Weiss’ grading scale with these
The plus or minus in a grade indicated the lower or upper third of a grade range. The F grade is assigned to cryptocurrencies that have had credible allegations of fraud.
No cryptocurrencies on the list received an A or B+ rating, but 14 received a B or a B-. At its launch, Bitcoin held a C+ rating but has since been moved up to an overall rating of a B-.
(B) will make it all actually work. But never forget: Like all crypto, it’s still experimental.
(DCR) were given the top ratings of the list with the ratings of a B.
The lowest scoring cryptocurrencies (with a market cap of minimum $100 million) include:
by the infamous John McAfee, but the software company founder’s allegiances to specific projects seem to change often.
, and Electroneum is a cryptocurrency that is designed to be used and mined via a mobile device.
You can access the Weiss Ratings PDF for free via the
Weiss’s cryptocurrency ratings change more frequently than that of stocks, Weiss’s cryptocurrency ratings change more frequently than that of stocks Dcr Mining Contract , or businesses. If you are using this tool, it is important to check back due to frequent downgrades and upgrades.
Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Chelsea Roh is a freelance writer. Her current focus is blockchain technology and cryptocurrency. Chelsea currently lives in Winnipeg, Manitoba with her husband. In addition to content writing, she is an experienced SEO and Social Media Strategist. Before moving to Canada, she spent 10+ years marketing and working hands-on in the medical practice industry in the US.
The easiest way to stay current with the most important blockchain news and crypto insights.
This email address is already subscribed to our newsletter.
be shared, rented or sold and you can unsubscribe at any time.
How Bitcoin May Hit $3,000 According to Prominent Investor
Report: Israel May Adopt Cryptocurrencies to Prevent Tax Evasion
Some ICO Blockchain Projects Holding More Ethereum Than Their Actual Market Cap
Payfone Wins SIM Swap Attack-Prevention Patent to Deter Cryptocurrency Hacks
North Korea to Host International Crypto Conference
Indian Government Forms Blockchain and Cryptocurrency Task Force
Bitcoin Rallies Above $6900, Bitcoin Rallies Above $6900 Dcr Mining Contract
Chinese Giant Baidu Joins Corporations in Cryptocurrency Crackdown
Coinbase Hits 500 Employee Mark, Shrimpy Adds Portfolio ‘Rebalancing’ to Coinbase Pro Dcr Mining Contract
Report: Israel May Adopt Cryptocurrencies to Prevent Tax Evasion
OmiseGO Announces Release of OMG Network Repo and Tesuji Plasma Progress
How Bitcoin May Hit $3, How Bitcoin May Hit $3 Dcr Mining Contract
CryptoSlate will earn a small commission from any sale made using the above links.
0 Reviews:
Post Your Review