The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Weiss Reviews 3,000 Cryptocurrencies, Recommends XRP, Stellar, Cardano and EOS as ‘Buys,’ Bitcoin as ‘Hold’

by Daily Hodl Staff
November 2, 2018
in Altcoins

Weiss Ratings, a company that rates financial institutions, banks and stocks, has recently released an updated list of cryptocurrency ratings. After reviewing 3,000 cryptocurrencies, they rated over 111 and determined that only four were considered a “buy” (B- or higher). Those four are XRP, Stellar, EOS and Cardano.

XRP and Stellar received their ratings based on high transaction speeds that businesses might find attractive, while EOS and Cardano got “buy” signals based on their community and app building capabilities. They noted that all four have improved adoption metrics despite the bear market.

Weiss used the following metrics:

  • Technology model focuses on the blockchain technology to evaluate its potential for performance: What kind of speeds could it run at? How would it scale? How advanced is its governance? How does it deal with energy consumption? Can smart contracts be used on the ledger? How flexibly can it be upgraded? What other unique features does it have?
  • Adoption model measures performance in the real world. What are the actual transaction speeds and costs? How decentralized is the network? How big is the developer community? How popular is the project? Are people using it? And much more.
  • Investment risk model evaluates volatility and downside price risk. Essentially, it seeks to answer the question: “How much money can I lose?” And …
  • Investment reward model deals with the upside potential –  “How much money can I make?” 

Based on these parameters, each coin is given a grade from “A” to “E”. “B-“ or higher is considered a “buy,” while “D+” or lower is considered a “sell.” “C” is considered a “hold.”

Bitcoin received a grade of “C+” or “fair.” This is the same grade it received in January despite pushback from crypto developers such as Cardano and IOHK founder Charles Hoskinson.

According to Hoskinson,

“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.”

Weiss pins the low grade to “outdated technology, including slow transaction speeds, difficulty in scaling, weak governance” and “poor risk/ reward metrics.”

[the_ad id="42537"] [the_ad id="42536"]

Weiss has gotten attention for making bold crypto predictions. In September they tweeted out that Bitcoin would lose half of its market share to Ethereum, before backtracking to say that “in 5 yrs we see #ETH-LIKE platform dominating the market – not necessarily ETH.”

#Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offering more uses and being backed with superior #blockchain technology. We completely agree – unlike #BTC, which is a one-trick pony, the limit of ETH’s application is sky itself.

— Weiss Crypto Ratings (@WeissCrypto) September 18, 2018

Crypto predictions continue to see retractions, particularly as 2018 winds down to a close. Analyst Ran NeuNer, the host of CNBC’s CryptoTrader, recently dialed back his prediction that Bitcoin will reach $50,000 by the end of the year.

For the record , I am pinning this tweet. Bitcoin will not finish 2018 at $50 000.? https://t.co/CAZUABJ1Hk

— Ran NeuNer (@cryptomanran) November 1, 2018

Likewise, Arthur Hayes, CEO of crypto derivatives platform BitMEX, has rescinded his prediction that Bitcoin will finish the year at $50,000. He now sees a deep freeze setting in that could prolong the bear market for 18 months.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Radix Babylon Upgrade Marks New Era for Web 3.0 User and Developer Experience
    September 28, 2023
  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,328.59
$28,328.59
4.45%
Ethereum
$1,717.79
$1,717.79
2.18%
Cardano
$0.266655
$0.266655
2.47%
XRP
$0.521875
$0.521875
0.62%
Dogecoin
$0.063313
$0.063313
1.36%

Spotlight

  • Bitcoin Flashing Relative Strength Against Stock Market Despite Deteriorating Macro Conditions: Analytics Firm
    September 25, 2023
  • Many Altcoins Won’t Recover After Massive Collapse, Says Crypto Analyst Benjamin Cowen – Here’s His Forecast
    September 25, 2023
  • Here’s When Bitcoin (BTC) May Print the Top of Its Post-Halving Bull Run, According to Crypto Strategist
    September 25, 2023
  • Ex-Goldman Executive Says Liquidity Injection Will Ignite Explosion in Crypto Space Amid Rapid Building
    September 25, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl