As the importance of cryptocurrencies grows, many companies and organizations will have to work with digital currency and keep up with the latest technologies. The Weiss rating will help such companies figure out which assets are worth working with and which ones to stay away from.
In a post on its website the rating agency announced that they will soon release a rating of cryptocurrencies, which will consist of several levels. The agency claims to have created a technology model against which it evaluates each cryptocurrency, which helps analyze thousands of data points related to token technology, usage and trading patterns. According to the message, this rating will be published on January 24. It will include: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others.
Weiss Ratings CEO Martin D. Weiss stated:
“In this day and age, most cryptocurrencies are murky, over-hyped and on the verge of collapse every second of their existence. The market is desperate for the clarity that our rating will bring. Our rating will be based on hard facts and objective analysis, so we believe it will be popular with investors. However, I am also confident that some of our ratings may come as a surprise for people and create a lot of controversy and controversy.”
The agency currently ranks more than 55,000 institutions and markets. This move will have a very positive impact on the cryptocurrency market, which has recently been mired in fear, uncertainty and doubt. Although most media, politicians and banks still call cryptocurrency a “bubble” and a “pyramid scheme,” this move is another step towards universal acceptance of the digital currency.
According to http://bitcoinist.com
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