DeutschWhat’s behind it? Just as in the classic financial sector, there are also rating agencies in the cryptocurrency sector. One of the best known is Weiss Crypto Rating Agency. Once a year, this gives an outlook on market developments and prospects for cryptocurrencies and determines the best cryptocurrency. Now the time has come again. The publications provide a good yardstick and orientation to the ratings of digital currencies.
The Best Cryptocurrency – Increasing Acceptance for Bitcoin, Ripple and Co.
The most important finding of the report from Weiss: Despite the ongoing price fluctuations, especially in the first three months of the new year, acceptance remains high and has even been increased. Three cryptocurrencies are on the podium in terms of technology and acceptance.
- 1st place – XRP is best positioned to compete with SWIFT. (Buy XRP)
- 2nd place – EOS is the leading cryptocurrency to challenge Ethereum. (Buy EOS)
- 3rd place – BTC is most likely to become a popular store of value for savers and investors. (Buy BTC)
Ethereum (4th), Cardano (5th), Litecoin (9th) and Stellar (10th) are followed by other well-known currencies. But also the currently less known currencies like Steem (6th), NEO (7th) or ZCash (8th) make it into the Top Ten.
Although the Weiss ranking did not take into account the risk and return for the investor when awarding the rating, in addition to the effects of shorter-term factors, they analyzed the technology/acceptance as an indicator for long-term investors.
Activities on the Crypto Market are Steadily Increasing
Basically, according to Marin Weiss, founder of the Weiss Rating Agency, there has been a noticeable growth in user transaction volume, network capacity and network security. And this despite the falling price level since the beginning of 2018. He also emphasizes that these improvements are often supported by a further development of the underlying technology. So the technology is growing with it. This is the really important message to further scale and build further trust for the topic of cryptocurrencies.
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