Steem among the bests!

 Weiss Ratings has published a full list scoring all the major coins and tokens in the crypto market, positioning STEEM among the 5 best on the list, with a score of B (on a scale from A to E) above the gold standard cryptocurrency, the Bitcoin, which scored only a C+. A total of 75 coins were listed and scored in 4 different types of indexes to concluded in the final grade. 

Only five coins could score in green labels (B- and above, none got an A) listing a top 5 in the following order:

B : EOS; Ethereum (ETH)

B- : Cardano (ADA); NEO; STEEM

Other important mentions are:

C+: Bitcoin (BTC); Litecoin (LTC); DASH; BitShares (BTS)

C : Ethereum Classic (ETC); Monero (XRM); QTUM; Zcash (ZEC)

C-: Bitcoin Cash (BCH); Zen Cash (ZEN)

At the bottom of the list:

D+: Bitcoin Gold (BTG); GameCredits (GAME)

D : Expanse (EXP); Quark (QRK); Rise (RISE)

Who is Weiss Ratings?

Weiss Ratings, which began in 1971, is the nation’s leading independent rating agency, covering 55,000 banks, credit union, insurance companies, stocks, ETFs and mutual funds. Unlike Standard & Poor’s, Moody’s and Fitch, we never accept compensation from the entities we rate. Our independence and accuracy have been noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others. Now, we are applying our 46 years of accuracy and independence to cryptocurrencies. 

The Bitcoin controversy even got to the FAQ page of Weiss Ratings, and this is the answer:

Bitcoin is the dominant cryptocurrency in the marketplace. Why doesn’t it get an A?

Thanks to its strong adoption and brand, Bitcoin does merit an A in one of our four indexes. But it falls short in two other important areas: Our Risk Index, and Technology Index. As soon as the metrics on one or both of these improve, an upgrade for Bitcoin is likely.As stated in all our releases, the primary goal of the Weiss Cryptocurrency Ratings is to help protect investors from risk, while leading them to the most sustainable, robust cryptocurrencies. That goal requires playing close to the pattern of recent price declines as well as tech issues that could hinder a price recovery. 

Thank you for reading.