Weiss Rating System
Weiss Rating System
I am reporting on an article written by Kevin Helms, which appeared on the news webpage called: News Bitcoin, which concerns the Weiss Ratings of 93 cryptocurrencies.
WHO: Weiss Ratings - The American independent rating agency, founded in 1971, has been rating institutions and investments such as stocks, ETFs, mutual funds, insurance companies, banks, credit unions for over 30 years and now has begun rating cryptocurrencies.
WHAT PART ONE:
Weiss Published a list of 93 cryptocurrency ratings called the: “Weiss Cryptocurrency Ratings” that are “based on a software system model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns.
WHAT PART TWO: Weiss Rating System rates coins according to the letter system below;
A = excellent;
B = good;
C = fair;
D = weak; [and]
E = very weak.
WHAT PART THREE:
Weiss rating System Results:
- Cryptocurrencies receiving an A rating = none
- Cryptocurrencies receiving a B or B- rating = 14 cryptocurrencies
- Cryptocurrencies receiving a C+, C or C- rating included 54 cryptocurrencies
HOW DID STEEM DO?
Steem was one of only 11 coins to be given a B- rating, no coins were given an A rating.
WHEN Tuesday, May 29th, 2018
Details:
- No cryptocurrency on the list has received an A or a B+ rating
- ADA, DCR and EOS were rated B.
- BTC, ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM, and ZIL were rated B-.
- 54 cryptocurrencies were rated either C, C+ or C-. They include BCH, DASH, DOGE, ETC, LSK, LTC, XMR, XEM, QTUM, SC, STRAT, UBQ, VEN, WAVES, and ZEC.
- Only 94 cryptocurrencies, out of the over 2000 in existence were considered appropriate fir investment.
If you wish to read the entire article I have included it below:
May 31, 2018 |
https://news.bitcoin.com/weiss-ratings-complete-list-cryptocurrency-ratings/
**Steem on and Keep Posting! 🚂
This article is very good news for cryptocurrency and Steem. Thank you.
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hahaha funny photo thats make me laugh frankly thats true 2018 now the Bear is worthless
It is ok atleast crypto started a rating , all this new rating and detail impact on people mind and then people will start to think and start to invest in BTC and then like a stock market history will be repeated on crypto market it will be SKY rocket after 4 to 5 years and then no one will be able to stop it.
Crypto coin rank will affect someone who will invest in the coin.
Yes I agree.
the better the better, that's our hope
Posted using Partiko Android
increase the rating, hopefully going forward
very good ranking system, lots of changes
in B ratings we have ada and eos. those two projects have a good updates. Soon we might see them in A ratings.
(Just my thoughts )
I like the cover image. It is awesome
I m always here with steem
We are steem
Thanks for sharing Crypto currency rating blog.
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