Weiss Ratings publishes grades for nearly 100 different cryptocurrencies

Posted: 30 May 2018 3:29 pm
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Not one cryptocurrency company received a rating higher than B, which is equivalent to a “good” rating.

Research and analysis company Weiss Ratings has released cryptocurrency grading results for 93 different blockchain-related companies, singling out seven major digital currency leaders as having a “good” rating.

The Weiss Cryptocurrency Ratings Report reveals that of the cryptocurrency organizations with a market capitalization exceeding $5 billion, only seven scored an overall rating of B- (good) or higher. These include Bitcoin (BTC), Cardano (ADA), EOS (EOS), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and TRON (TRX).

Highest rated cryptocurrencies ($5 billion market cap)

CryptocurrencyOverall RatingTechnology & AdoptionInvestment Risk & Reward
Stellar B-BC-

Weiss Ratings further divulged the two fundamental elements that help to construct their overall grades. One category is technology and adoption, while the other examines a cryptocurrency’s risk-to-reward ratio.

There are four cryptocurrencies, among those with a market cap of $100 million or more, that scored extremely poorly. These are Bitcoin Gold (BTG), Bitcoin Private (BTCP), Electroneum (ETN) and ReddCoin (RDD).

While ratings can reach A+, A, A- and B+, not one cryptocurrency company received a rating higher than B. There were 14 B or B- (good), 54 C+, C or C- (fair), 16 D+, D or D- (weak) and 9 E+, E or E- (very weak).

The overall Weiss Rating is based on a complex algorithm — not simply an average of the two component grades. At this stage in the industry’s transition to newer technologies, it remains extremely difficult for any one coin to achieve top scores across the board. Older generation coins with broader adoption typically lag in technology. Alternative coins with more advanced technology lag in adoption. And none currently have a risk-reward balance that’s comparable to many traditional investments.

Weiss Ratings on the difficulty of obtaining a high grade

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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