New Weiss Ratings Report: Top Five Cryptocurrencies Most Likely to Succeed in 2019


Comprehensive Report Released By Weiss Crypto Ratings, Featuring Impressive Growth in Transaction Volume and Network Capacity

Weiss Crypto Ratings, which is a division of parent company Weiss Ratings LLC, is a system that evaluates cryptocurrencies based on two grades. The first grade has to do with the technology involved and its adoption for the long-term investors, while the secondary grade involves a risk/reward assessment for traders that focus on the short-term. The most recent report from Weiss Crypto Ratings was published today, showing the various trends that are presently happening in the crypto industry.

The founder of Weiss Ratings, Martin D. Weiss, commented on the new report, pointing out that there were “sharply lower prices” that have been consistent since the beginning of last year. The way that the ratings model helps the report is that it provides certain fundamentals with substantial recent growth, like the transaction volume and the capacity of the network. Based on the information that Weiss collected, he says that the ones that are “willing to take the risk” should look out for the opportunity to invest soon.

Top 5 Cryptocurrencies in 2019

Based on the first grade that coincides with tech and adoption, the cryptocurrencies below received the following grades.

  • Ripple’s XRP: A-
    • Could compete for money transfers with SWIFT payment system
  • EOS: A-
    • Leading cryptocurrency that could be the “backbone of the internet”
  • Bitcoin: B+
    • Remains the leading crypto asset in liquidity, adoption, and overall stability
  • Ethereum: B+
    • Widely used, but needs to improve scalability
  • Cardano: B
    • Early stages, but could be most advance crypto asset for monetary policy and governance

Rounding out the top 10 list by grade on tech and adoption are Steem, NEO, Zcash, and BitShares.

The potential for loss in the crypto market is important to consider with the Weiss Crypto Ratings, considering how high the risk is in comparison with other markets. With this heightened threat, none of the cryptocurrencies managed to score an A. In fact, there were only three cryptocurrencies that even scored a B-. In order to give consumers the ability to make a more educated decision, all of the Weiss Crypto Ratings, which cover 120 cryptocurrencies, are available online in real time.

The report was written by both Martin Weiss and chief cryptocurrency analyst Juan Villaverde. Together, along with the scores they assigned, they found four major trends moving through the crypto industry right now. The first trend that they determined would be that the improving technology would be influencing the level of adoption that the market sees. Everyone has seen some of what blockchain technology can do, but further innovation will span into mainstream.

The second trend was in the evolving ways that cryptocurrencies are being developed and secured, considering that coins created with Delegated Proof-of-Stake (DPOS) are rising. However, the proof-of-work protocol is becoming less successful, as coins with this algorithm are seeing less of the market share.

The way that some cryptocurrencies are starting to function outside of blockchain technology was identified as the third trend. However, as consumers discuss this concept of a crypto with no blockchain, some suggest that it may really stretch the definition that covers a cryptocurrency, based on the infrastructure.

The final trend that Weiss and Villaverde saw was that the future adoption of cryptocurrencies will be predominantly driven by “killer dApps.” This category includes decentralized social media platforms that are based around cryptocurrencies, P2P transactions, and secure elections in real time.

The Weiss Crypto Ratings are updated every single week to ensure that consumers can see changing trends in their favorite cryptocurrencies. The weekly reports provide information on the adoption of each coin, along with its technology, potential risk, and potential reward, making it the only ratings-based crypto price index. Though it receives no compensation from any of the projects it reviews, it still covers 53,000 institutional and investments, receiving the praise of news organizations, congressmen and women, and the Government Accountability Office.

https://bitcoinexchangeguide.com/bitcoin-bch-ethereum-and-xrp-price-prediction-todays-top-crypto-technical-analysis/

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