World’s First-Ever
Cryptocurrency Ratings Just Released
Get Financial Agency Ratings on 74 Cryptocurrencies
including Bitcoin, Ethereum, Ripple and Dash.
For the first time ever, you can get A – F ratings on 74 cryptocurrencies.
Florida-based Weiss Ratings, the nation’s leading independent rating agency of financial institutions, just released the nation’s first grades on cryptocurrencies by a financial rating agency.
That includes ratings on Bitcoin, Ripple, Dash and more. None of the cryptocurrencies covered currently get a grade of A (“excellent”).
Weiss’ entry into cryptocurrency ratings is significant because of its history of independence and accuracy in other investment sectors, as noted by the U.S. Government Accountability Office (GAO), Barron’s, The Wall Street Journal, and The New York Times, among others.
Weiss Ratings, which began in 1971, rates 55,000 institutions and investments. Unlike Standard & Poor’s, Moody’s, Fitch and A.M. Best, Weiss never accepts compensation of any kind from the entities it rates.
Weiss’ reputation as a tough but independent source is likely what drove a call on Korean social media to bring down the Weiss Ratings website once this new cryptocurrency ratings was announced.
“Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “So this may be an attempt to thwart our release—but we will not be stopped from sharing this valuable information with the public.”
“Despite extreme price volatility, cryptocurrencies have a bright future and the potential to deliver unusually large profits to investors,” said Weiss Ratings founder Martin D. Weiss, Ph.D. “However, the market is hectic and confusing for investors. They need the clarity that only robust, impartial ratings can provide.”
>> Get your copy of the first ever Weiss Cryptocurrency Ratings Report here.
The Weiss Cryptocurrency Ratings evaluate price risk, reward potential, blockchain technology, adoption, security, and other factors.
Below is a sampling of Weiss Cryptocurrency Ratings, selected randomly to illustrate a variety of strengths and weaknesses:
- Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.
- Ethereum (B), the second most widely adopted cryptocurrency, benefits from more readily upgradable technology and better speed, despite some bottlenecks.
- Novacoin (D) is weak in terms of both technological innovation and adoption.
- Steem (B-) enjoys a relatively good balance of moderate strength in nearly all the key factors considered along with a social network feature.
Today’s report — with the latest ratings on 74 of today’s most popular cryptocurrencies — is now available from Weiss Ratings.
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