The controversial Weiss cryptocurrency ratings got some refresh. Some coins received upgrades while others got downgraded.
Let's first explain the ratings meaning as it's slightly different from what we know from the stock markets. Other rating agencies use a scale from triple A to single C. In that scheme a B grade is “junk” and a C is close to failure. In contrast, Weiss Ratings’ B is “good” and C is “fair.” Based on a study of the Weiss Ratings by the U.S. Government Accountability Office, an institution is not categorized “vulnerable” unless its grade is D+ or lower.
A = excellent
B = good
C = fair
D = weak
E = very weak
Upgrades:
Bitshares upgraded from C+ to B-
Cardano upgraded from B- to B
Downgrades:
AEON downgraded from C to C-
AuroraCoin downgraded from D+ to D
Bitcoin Gold downgraded from C- To D+
Byteball Bytes downgraded from C+ to C
What's your opinion on Weiss upgraded ratings? Are they worth paying attention to?
I also like EOS. I have done zero research on bitshares so I couldn't really comment on it. I will check it out tonight see what kind of research I can dig up.
Bitshares is Dan's previous project, Gen2 cryptocurrency, introduction of proof of stake model and decentralized exchange. While Dan moved to EOS, he left his dad Stan with bitshares. Take a look at this unknown interview, not a high quality but informative:
You have officially peaked my interest in BTS. Great Video. The value currently sitting at a nice sweet spot too. Maybe if Binance ever starts working again I will pick some up :)
take a look at my recent post, free cryptos with no strings attached: https://steemit.com/cryptocurrency/@voluntary-io/free-crypto-coins-no-strings-attached
Any thoughts about bitshares? It got an upgrade too, however it kind of lacks behind at the moment.
No surprise with ADA... Every month I expect ADA to steadily improve with the team of experts they have working on it. It is a long term hodl.
Of course swings will happen but the growth will continue.
ADA = Tortoise
Cardano and EOS have the biggest potential to re-shape the future of crypto in my opinion.