The cryptocurrency market ha been wildly successful in the last few weeks – after all, nearly every altcoin has provided for solid returns and as a result, the market has enjoyed from higher confidence levels as well. One cryptocurrency rating service called Weiss Cryptocurrency Ratings, has placed the spotlight on several particular currencies that have performed especially well.
The service stated, “Our highest-rated cryptocurrencies on fire. Cardano rose from its 2018 low of US$0.14 to a recent high of $0.38. NEO went from $44.62 to a $92.63. EOS has surged from 4.01 to its recent high of $21.13! I have written frequently about these super coins. They are truly worthy of your investment dollars.”
While Weiss Cryptocurrency ratings is recognized for taking a bullish stance concerning most altcoins, the fact that it addressed several coins specifically in such a manner may suggest that users should have some confidence in the mentioned coins. Just as much as the rating service has praised several options, it has also effectively ensured that several coins have no light shed on them as well.
For instance, Weiss noted that Bitcoin Gold, Bitcoin Diamond, and Bitcoin God as seriously flawed. And it also addressed coins that may be scams by adding more to its list. The particular cryptocurrencies that users may want to avoid, according to Weiss Rating, is ZClassics, which it mentions as “nothing more than a cheap copycat from ‘serial coin imitator’ Everett Forth.”
Lastly, Weiss has also cautioned investors against Creighton's next cryptocurrency project, which is Bitcoin Prime. Weiss mentions that the project is based upon “a nearly dead crytocurrency called PrimeCoin” and therefore, it is essentially not worth investing in.