In line with a recent ‘report‘ published, Weiss Cryptocurrency Ratings has listed the major crypto-asset named Bitcoin [BTC] aside Ripple [XRP] and Eos [EOS] in its report on emerging trends within the crypto markets.
The report – called “Dark Shadows with a Bright Future” – is based on the analysis of over 120 crypto assets, and assigns letter grades to cryptocurrencies that have the best combination of adoption along with technology.
Ripple [XRP] – the world’s 3rd largest crypto-coin by capitalization in line with ‘CoinMarketCap‘, is ranked “A,” and per the report is the “best positioned” to compete with SWIFT — a worldwide system for interbank transactions. Eos conjointly received ‘A grade’ as the leading cryptocurrency that’s competing with Ethereum [ETH] in an effort to become the “backbone of the new web”.
Bitcoin [BTC] received an A grade for its Lightning Network upgrade and therefore the ability to become a preferred store of useful for savers and investors. The world’s prime currency is followed by Ethereum [A-] and Cardano [B+] that are extremely valued because of their smart contract capabilities.
However, the results of another rating within the report dedicated to risk and reward factors are far from satisfying. In line with Weiss Cryptocurrency Ratings, solely four coins — EOS, Ripple [XRP], Bitcoin [BTC] and Binance [BNB] – can be valued as B-, with none of the currencies obtaining an A.
Martin D. Weiss – The founder of Weiss Ratings, believes that despite the bearish markets the best time to invest in cryptocurrencies is approaching:
“Despite lower prices since last year, our ratings model offers us hard proof’s that an essential segment of the cryptocurrency business has enjoyed outstanding growth in user transaction volume, network capability, and network security […] Thus, for those willing to take the risk, the simplest time to invest could be very near.”
Major cryptocurrency bulls expect a returning of “Crypto Spring” to bring crypto price enhancements. ‘Tom Lee‘, Fundstrat’s co-founder and pro-cryptocurrency Wall Street analyst, ‘thinks‘ that the industry can see 9 progressive enhancements within the landscape that might ultimately support higher prices. Earlier in Feb., supposed Bitcoin [BTC] billionaire named ‘Zhao Dong’ aforesaid that he believes higher valuations are expected to return by 2020.