New cryptocurrency rating from Weiss

The independent rating agency Weiss Ratings has presented a new analysis of the cryptocurrency market.

Analysts from one of the most authoritative agencies Weiss Ratings, in their comments, are quite optimistic about the future of EOS, which received a grade of B, but harshly criticize all forks of Bitcoin (BTC).

In their comments to the rating, experts recommend investors do not risk investing in all cryptocurrencies that have the word “bitcoin” in their name, with the exception of the original Bitcoin.

This list of questionable cryptocurrencies includes Bitcoin Diamond and Bitcoin God, and Bitcoin Cash Weiss analysts were generally accused of violating intellectual property rights.

The real problem with these tokens, in their opinion, is that too few people use this cryptocurrency. In fact, the latest data shows that their network processes only 20,000 transactions per day. So this update was absolutely meaningless.

Some investors were very puzzled by the low valuation of DigiByte, despite all the achievements of this coin over the past month. As agency analysts note, this rating is associated with the identification of the person behind this project, who has one of two names: Everett Fort or Rhett Creighton. He is called a "serial crypto nerd" due to his passion for creating new cryptocurrencies that use the Bitcoin name. These include Bitcoin Private, ZClassic and Bitcoin Prime.

The algorithm for a serial coin simulator is to copy the code of an existing project, change a few meaningless aspects, re-label it, and then promote it as "revolutionary achievement" in cryptography. He cashes in on innovations made by others and hides the fact that his work is just a cheap imitation.

A few months ago, investors were furious because a published rating from Weiss gave a C+ grade to Bitcoin. Martin Weiss, founder of the rating agency, then commented on the high volatility of Bitcoin and increasing competition. Despite high trading volumes and a still huge market capitalization, Bitcoin is gradually losing its position in the market.. After all, Bitcoin's empire is threatened by other cryptocurrencies that have outperformed it consistently over the past few months. 

The cryptocurrency rating model is based on the analysis of thousands of data on each cryptocurrency's technology, its usage and trading patterns. The founder of the rating, Martin Weiss, notes that only a virtual coin that rarely experiences sharp and serious drops can receive the highest rating. 

According to https://www.weissratings.com