blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Bitcoin Flunks, Misses ‘B’ Rating According to Weiss

Tokoni Uti by Tokoni Uti
November 4, 2018 - 5:00 am
in bitcoin news
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin has fallen short of  B rating by Weiss cryptocurrency rating
  • The rating system is ranked from A to  E with ‘B’ meaning ‘buy
  • The only coins ranked at a B are XRP, Stellar, EOS and Cardano.

There are thousands of cryptocurrencies in existence and as a result, consumers might be confused as to which ones are valuable and worthy of purchase and which are not. There are a number of rating platforms and systems that review cryptocurrencies and grade them, one of which is Weiss cryptocurrency rating.

The Weiss rating has analyzed over 3,000 currencies and has given ratings for over 111 of them.

Four factors

Currencies are reviewed and rated based on four models which are: technology, adoption, investment risk, and investment reward model.

The technology model measures the potential performance of the coin and takes into consideration its compatibility with smart contacts, energy consumption, and other features.  A way to look at it, according to Weiss, is to compare it to the way mobile phones are rated based on speed, screen resolution, and battery life.

The adoption model focuses on the performance of the coin in real life. This considers how much it is used for transactions by people, transaction speeds and how decentralized the network is.

The investment risk model pays attention to the downside of investing in the coin and how much loss could potentially be made while the investment return model looks at the upside of trading in the currency and how much can be made.

At the end of the day, the coin is rated on a scale of A to E.  

‘Any grade of “B-” or better is the equivalent of a “Buy.”
“D+” or lower is “sell.”
And “C” implies no action — “hold” if you already own it; “avoid” if you don’t.’ says Weiss.

Bitcoin in the C

interestingly enough, Bitcoin, the world’s most popular cryptocurrency, doesn’t have a ‘B’ rating but a C.

When asked about it, Weiss said that the reason for this is the fact that Bitcoin has Poor risk/reward metrics, outdated technology, including slow transaction speeds, difficulty in scaling and weak governance.

All these could change with the new lightning network, but that will a take time.
Currently, only four coins are rated as ‘buy’-XRP, Stellar, EOS and Cardano.

Ironically, Charles Hoskinson, the creator of Cardano and a founder of Ethereum has criticized the rating, saying:

”Any rating that doesn’t give Bitcoin an A has got some screws loose. Nearly ten years of wealth creation, innovation, massive growth, proven resiliency against crashes and billions worth of infrastructure. And all without a leader. Bitcoin is the standard.”

Tags: BTC
ShareTweet
Tokoni Uti

Tokoni Uti

Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.

Recommended For You

How Cryptocurrency Casinos Came about and What Happened as a Result

by Wayne Jones
February 7, 2023 - 11:35 am
0
casino

The emergence of cryptocurrency casinos online was a breakthrough in the gambling industry.

Read more

How to Ensure Maximum Security at Crypto Casinos in Canada

by Max Clark
February 7, 2023 - 9:24 am
0
casino

Learn tips to choose a secure and reliable casino, understand new technologies, and stay aware of common risks. Start playing safely now!

Read more

Australian Startup CryptoSpend Seeking Valuation Increase

by Kester Odero
February 7, 2023 - 7:30 am
0
cryptospend

CryptoSpend, a new Australian payment service for digital assets, plans to raise four times as much in two months.

Read more

Binance Launches Tax Reporting Tool to Aid Crypto Users on Upcoming Tax Season

by Samuel Edyme
February 6, 2023 - 2:11 pm
0
Binance

While the reporting of tax can be quite stressful, Binance has come to the aid of crypto users by launching a tax reporting tool called ‘Binance Tax.’ 

Read more

OKX Occupies 2nd Spot in Transparency, Says Coinglass

by Umair Younas
February 6, 2023 - 10:00 am
0
OKX

Coinglass discloses that the second spot has witnessed OKX for a short time. Nonetheless, Bitfinex remained successful in outperforming its rival.

Read more
Next Post
Nasdaq-powered Crypto Platform Unveils Support for XRP, Litecoin (LTC), and Cardano (ADA)

WaBi (WABI) Primed to Beat Bitcoin (BTC) Price Q4 of 2018

PARTNERS LIST

PRESS RELEASE

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Volume

by chainwire
February 7, 2023 - 3:02 pm
0

Los Angeles, United States, 7th February, 2023, ChainwireDeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain...

The Future of DAOs Takes Center Stage in Tel Aviv

by chainwire
February 6, 2023 - 8:00 am
0

Tel Aviv, Israel, 6th February, 2023, ChainwireThe DAOVOZ collective is excited to announce the inaugural DAOVOZ Tel Aviv event on...

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023 - 3:38 pm
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.