Cardano Beats Bitcoin & Ether in Latest Weiss Cryptocurrency Ratings
Weiss Crypto Ratings, in its latest listing of cryptocurrencies, has rated Cardano (ADA), Tezos (XTZ), Cosmos (ATOM) and Fantom (FTM) as top coins in the ‘technology’ category, placing them above Bitcoin (BTC) and Ether (ETH).
The financial rating agency issues weekly rating by comparing cryptocurrencies on the basis of risk/award, adoption and technology.
The list presents lists 123 coins and tokens with the top most rank being B+. The risk/reward column does not offer a rating above D for any cryptocurrency.
The Weiss Crypto Ratings model comprises of five basic layers that draws info from the venture’s adoption, technology, risk and momentum.
The layers filter the data using tailor-made software that validates each feature by matching with likely success or failure of the entire company.
To a certain extent, the success of Weiss Crypto Ratings is due to the perceived neutral nature of the firm, which does not receive any kind of monetary compensation from any of the crypto related firms.
In terms of market capitalization, XTZ, Cardano (ADA), and ATOM have received the 10th, 13th and 23rd place in the list.
Tezos has recorded robust gains in 2020, with the prevailing price of $2.68 reflecting 100% gains compared to last year.
Earlier the Weiss team hogged the limelight for wrong reasons such as internal hostilities and legal scuffles.
Cardano has rolled out its V1.0.0 Daedelus protocol with rest of the milestones anticipated to be reached during the remaining 2020.
Charles Hoskinson, founder of Cardano, explained the reason why he anticipates the venture could attain a trillion-dollar market capitalization.