Weiss Ratings, the first financial ratings agency to rate and review cryptocurrencies in addition to rating traditional stocks and financial institutions, has released their updated list of cryptocurrency ratings.
The company recently reviewed more than 3,000 cryptocurrencies and gave ratings to over 111 of them. Out of all the recent ratings, only 4 cryptos were given a “Buy” rating (B- or higher) — XRP, Stellar, Cardano, and EOS.
How Weiss Rates Cryptocurrencies
According to Weiss, they base their blockchain ratings on a number of metrics:
- Technology Model: the measurement of blockchain technology used and its potential for performance. How fast can the blockchain process transactions? Is the blockchain able to scale? How advanced is its governance model? Can smart contracts be integrated on the ledger? How does it deal with energy consumption? Can the blockchain be easily upgraded? Does the project have unique features?
- Adoption Model: the measurement of the…