2019 Cryptocurrency Weiss Ratings & Outlook
April 03 2019 - 1:38PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
April 3, 2019 -- ADVFN Crypto NewsWire -- Last week Weiss
released their annual report on cryptocurrencies featuring ratings
and a general outlook. The company engages in many other more
focused cryptocurrency research, but this annual report functions
as the root of discovering the greatest potential growth areas and
what their more concentrated research should look into. Weiss
ratings are looked to for nearly every industry, and the company
took a strong stance on the importance of cryptocurrencies last
year by creating a standalone platform for their research on the
topic. In January of 2018 they launched the Weiss Cryptocurrency
Ratings website which includes weekly reports, and other valuable
investor information
"Despite lower prices since early
2018, our ratings model gives us hard evidence that a critical
segment of the cryptocurrency industry has enjoyed remarkable
growth in user transaction volume, network capacity, and network
security. Equally important is our finding that these improvements
are often powered by an evolution in the underlying technology.
Therefore, for those willing to take the risk, the best time to
invest could be very near." - Weiss Ratings founder, Martin D.
Weiss
Weiss Cryptocurrency
Outlook 2019
They rated a total of 122
cryptocurrencies this year, in contrast to only 74 at the onset of
the annual report, using "a comprehensive, balanced overview of all
factors, based on a complex algorithm — not an average of the
component grades. When making choices, investors should focus
primarily on this overall rating." There are two major categories
where these factors are positioned:
-
Investment Risk/Reward Rating - the
downside investors should be aware of, reflecting price volatility
and magnitude of recent declines vs. profit potential based on
price momentum and recent returns to investors.
-
Technology/Adoption Rating -
software capabilities, such as level of anonymity, sophistication
of monetary policy, governance capabilities, ability or flexibility
to improve code, energy efficiency, scaling solutions,
interoperability with other blockchains, and the real world
performance along with community of developer/enterprise/public
use.
Major Trends
Identified:
-
Several segments of the
cryptocurrency industry have seen remarkable growth in the volume
of user transactions
-
Adoption is now highlighted as a
function of improving technology.
-
Cryptocurrency configurations are
changing with Delegated Proof-of-Stake (DPoS) coins rising, and
Proof-of-Work (PoW) coins losing market share
-
Some cryptocurrencies are moving
beyond traditional style blockchain networks
-
Advanced, userfriendly dApps
(Decentralized Applications) will play a major role in determining
the winners (Decentralized, crypto-based social media, Peer-to-peer
lending, Fair and secure elections)
Top 10 Coin Rating
Examples
-
XRP is best viewed in competition
with SWIFT, the global network for interbank money transfers.
Tech/Adoption Grade: A
-
EOS is viewed in competition with
Ethereum to become the backbone of the new internet (3.0).
Tech/Adoption Grade: A
-
Bitcoin highlights improving
technology with the launch of Lightning Network, viewed as a store
of value for savers and investors. Tech/Adoption Grade:
A
-
Ethereum is the most popular used
smart-contract platform, but faces scaling problems. Tech/Adoption
grade: A-
-
Cardano is also viewed in
competition with Ethereum, but with a stronger focus
on advanced smart contract capabilities, monetary policy
and governance. Tech/Adoption Grade: B+
-
Steem, NEO, Stellar, Zcash, and
BitShares were the other five included in the top 10
By: BGN Editorial Staff
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