Weiss Rating just announced the rating of the cryptocurrancies.
They rate cryptocurrancies from "A" to "E".
"A" means "exellent", "B" means "good", "C" means "fair", "D" means "weak"and "E" means "very weak"
How was the rating for Bitcoin?
It was "C+"
WOW! that's what I thought the first time when I saw it. because bitcoin has the most value in the cryptocurrencies and
also it's even called bitcoin instead of all the other altcoin.
However, I understand at some points because of the amount of the transfer fee we have to pay could be high. Also the size of the transaction. It folks also because it still has space to improve in bitcoin.
If Bitcoin is C+, what could be A and B??????
Yes , Thats what I thought next. The other surprising result is ,"B" is Ethereum and OUR HOPE COIN "steem" is "B-" yey
It is very interesting, isn't it??!
This result gave me a lot more motivations for the steemit activities!
Thanks @cryptoctopus I happened to find this chart from your post!
It did rose significantly!!
Ethereum is B, Steem is B- then what about C ,D E and A???!!
Ripple and Doge coin have got C.
No Coins have got A at this moment.
As per Weiss Rating,
Some of the institutions rate B as a junk and it means failure. However with Weiss Rating,
"B" means "good", "C" means "fair". As long as we don't rate it lower than "D" it doesn't mean "weak".
As a crypto investor, we don't only need to seek for A rank. even B and C rank still has a good value for the future.
Also, the company answered to this question, "why bitcoin didn't get A rank?"
Bitcoin's brand name and how we can use it at many places are very good and it's A rank worth.
The things they had to minus was about the governance structure, energy consumption, scalability which they encounter now.
About Ripple, only with the fundamental, we can say it's A. However, crashing many times made it minus rating.
Not only that but development system and high cost are also still need to be improved.
The reason why Doge coin is C(not D or E) is interesting.
As per their research, the percentage of the use of Doge coin is more than Bicoin cash. Even Z cash and Dash togather can't beat the usage of Doge coin.
The company explains that it is hard to be C rank only with the amount of usage but still people are using it so it's not going to be D rank.
Thank you all for reading
upvote , comment , follow if you like!
SOURCE:
https://btcnews.jp/3hxxjvr814786/
https://steemit.com/announcement/@cryptoctopus/weiss-ratings-steem-s-looking-good
It seems obvious that a ratings organization like this would put ETH over BTC. There's is the realm of stocks, ETFs and mutual funds which all have corporate infrastructure. So their ratings are skewed towards coins with a more centralized focal point of accountability.
The cryptosphere is a very strange place for Weiss to wade into as crypto is more like a commodity that functions as a currency. Weiss has no rating for gold bullion for example. They're jumping on the bandwagon because their clients are demanding it.
Yes, we even need to remember that it's the rating from one of the companies and every company should have different opinion in crypto, right. I hope they are not trying to manipulate the people in the world but at least good thing they have reasons for the result of the rating. Thank you for the opinion from different perspective.
Coins mentioned in post:
THANK YOU @coin.info