Weiss Ratings: “The Best Time To Invest Could Be Near”

Recently released is the annual cryptocurrency report card from Weiss Ratings which seems to be bullish for a lot of curious investors.

The firm’s founder, Martin Weiss is a big fan of the underlying technology in Bitcoin and is a big believer that in the future, digital assets will reign supreme. Nevertheless, Weiss says that the cryptocurrency space is one of the riskiest investments for your money. The Weiss rankings are designed to give investors a helping hand towards the digital currencies that are performing well and have promising futures.

Weiss didn’t give any coins an ‘A+’ although he still sees a lot of potential in many of the top tokens. In regards to timing, Weiss claims that now is the right time to buy.

“Despite lower prices since early 2018, our rating 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.”

Before we go any further it’s worth noting that we are not financial advisors and this is not financial advice. Investing in cryptocurrency is very risky, so only invest based on your own research and invest with money you can afford to lose, always remember to trade safe!

Back to the matter at hand. When you consider what grades to give each coin, Weiss holds adoption in high regards. With user bases that outnumber competitors, BTC, XRP and EOS each got an ‘A’ from Weiss. Ethereum received an ‘A-’ with Steem, NEO, Cardano, Litecoin, Stellar and Zcash all getting a ‘B+’.

Weiss has said that XRP is in position to infiltrate the international finance industry. In fact, the A rating comes with an endorsement of XRP as a replacement for SWIFT, the current industry standard for cross-border bank transfers.

As reported by ZyCrypto, “EOS was also recognized by Weiss as a cryptocurrency with growing usage. According to Weiss, EOS is leading the charge of an industry-wide increase in the real-world application.” In the end, Weiss Ratings highlighted that volume and daily transactions have increased because people are starting to use dApps.