Weiss Cryptocurrency Ratings Released

Weiss Cryptocurrency Ratings Released

As we reported a few days ago, [Weiss Ratings](https://weisscryptocurrencyratings.com/ratings/weiss-ratings-issues-grades-on-74-cryptocurrencies-12) released the World’s first Cryptocurrency investment ratings.

Unsurprisingly no crypto asset got an A, not a huge surprise however there were a few surprised:

  • Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
  • Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
  • Novacoin (D) and SaluS (D) are weak in terms of both technological innovation and adoption.
  • Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.

The full list is available to purchase from Weiss Directly, however this leaked copy appears genuine (please let us know if it is not)and is available to view HERE

I find the grading of Bitcoin quite bizarre considering that Ethereum received a B – historically, technically and fundamentally these grades to not make sense. Bitcoin has proven to be a better investment, a more secure product and has the best developers in the space working on it. You’d have to question how they are coming to these conclusions.

Eitherway, on a whole the results were positive and Weiss Ratings founder, Martin D. Weiss, had the following to say:

“Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,”

2018-01-24T22:23:52+00:00

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