Cryptocurrency division of the financial rating agency Weiss Ratings has published an annual report on new trends in the digital asset market..
Study based on an analysis of the opportunities and demand for 120 cryptocurrencies. The most promising asset was recognized XRP Ripple, since today the project is the main competitor to the global payment network for interbank transfers SWIFT. This is followed by EOS, which is in the top five in terms of total capitalization and challenges Ethereum as bases of the new Internet. Bitcoin (BTC) was awarded the third position because, thanks to the development of the Lightning Network, it is becoming the best way of saving for investors. All three coins received an A grade.
The fourth position is taken by Ethereum (ETH) with the A- mark, being the most popular smart contract platform, but it faced scaling problems. In fifth place is Cardano (ADA) with B + due to progressive contracting opportunities, project development and management opportunities. Top 10 also includes Steem, NEO, Stellar, Zcash and BitShares.
The rating of risk and threat factors does not look so optimistic. None of the cryptocurrencies received the highest rating, only four coins (EOS, XRP, BTC and Binance) have B-, and the rest are not higher than C+.
However, analysts at Weiss Crypto Ratings generally predict the continued success of the crypto industry. According to the opinion, despite the downturn in 2018, the data shows a rapid increase in the key factors of factors: transactions made by their users, network bandwidth. Adding that the optimal point for investing in virtual currency is already very close.
Experts also noted the development of technologies, the growth of projects with DPoS, some assets behind the blockchain and the proliferation of dApps.
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Despite increasing the level of security of cryptocurrencies, trading platforms are still vulnerable. Recently, the Singapore-based crypto exchange DragonEx reported about burglary and theft of assets.
text: Ivan Malichenko, photo: Weiss Crypto Ratings, financial-month
Bitcoin (BTC), Ethereum (ETH) and XRP Lead List of Top Cryptocurrencies From Weiss Ratings