The New Weiss-Rating For Cryptocurrency Is Out, Here’s The Important Stuff

The Weiss-Rating is an American led scale which has been running since 1971. Various different financial assets are covered within this, from stocks and investments, to credit unions and insurance brokers. As of this year though, The Weiss-Rating system has also branched out into cryptocurrency. This week, the company have finally released a new scale, pitching a list of 93 of the top cryptocurrencies against each other. You can access a full copy of the ratings here - https://weisscryptocurrencyratings.com/ be warned though, you will need to subscribe with an email address in order to see this. You also need to sign up before the 4^th of June 2018. Therefore, if you don’t want to sell your data, here’s a list of some of the key ratings just for you. Before we start, here’s what the Weiss Rating considers… Price, Risk vs Reward, Technology behind the currency, Potential for adoption, Market capitalisation and Previous ratings. Ratings look a little like a degree transcript and go from A+ to A to A-, down to B+ to B to B-, etc. Overall no cryptocurrencies have achieved a rating of A+, A, A- or B+, with the highest ratings being B and B-, which was the case for a total of fourteen currencies. This highlights just how intense and in depth the rating system is, moreover, with no currencies reaching scores greater than a B, we can’t accuse the Weiss-Ratings team of showing any bias, can we? EOS, received a rating of B, as did Cardano. Bitcoin, Ethereum, IOTA, Ontology, NEO, Ripple and Stellar, all received a rating of B-, with Bitcoin Cash, Litecoin and Dash rating between C+ and C-, as you may be able to tell from this, the split is frankly, huge. What does this mean? Okay, overall this isn’t a massive deal, the ratings are based on a scientific judgement however, it is just that, a judgement. Just because a currency hasn’t received an A rating, it shouldn’t put investors off, it just however provides those researching investment opportunities with a chance to really gain perspective on how cryptocurrencies are performing and of course, how they may continue to perform in the future. Whilst Weiss-Ratings are important, they are indeed not a complete fact and thus, should simply be integrated within you overall research plan. This is a great tool for a clued up investor, nothing more.