Weiss Cryptocurrency Ratings has launched a report about emerging trends in the cryptocurrency market on March 26, 2019. It is a division of Weiss Ratings, LLC.
The Weiss Group, Inc. has four different corporations and Weiss Ratings, LLC is one of them. The Weiss corporations helped many individuals in making informed investment decisions. They also helped in discriminating between insurance companies, HMOs, banks, strong and weak stocks, and S&Ls.
The founder of Weiss Ratings Martin D. Weiss said, “Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. Therefore, for those willing to take the risk, the best time to invest could be very near.”
The report of Weiss Cryptocurrency Ratings is made on the basis of two separate grades. The first grade is a tech/adoption grade for long-term investors and the second grade is a risk/reward grade based on short-term factors. It is about XRP, EOS, Bitcoin, Ethereum and Cardano. XRP, EOS, and Bitcoin come under the tech/adoption grade A. While Ethereum and Cardano come under the tech/adoption grade A- and grade B+ respectively.
It is reported that XRP is the network used for interbank money transfers globally and can give competition to SWIFT. EOS challenges Ethereum and can support the new Internet. Bitcoin is upgraded with a Lightning Network and can become popular for storing savers and investors values. Ethereum is used for smart-contracts. It is facing those challenges which are related to advanced smart contract capabilities, monetary policy, governance, and scaling.
Martin D. Weiss and Juan M. Villaverde have co-written the report about the emerging trends.
- The remarkable volume growth of cryptocurrency transactions is a major part of the cryptocurrency adoption and the cryptocurrency industry.
- Improved technology leads to improving adoption.
- The way to secure cryptocurrencies is changing at a great rate. Delegated Proof-of-Stake (DPoS)-based cryptocurrencies are performing better.
- There are a few cryptocurrencies leaving blockchain behind completely.
- DApps (Decentralized Applications) can be used to determine the winners in the long run. Decentralized crypto-based social media, fair and secure elections and peer-to-peer (P2P) lending are examples of DApps.
Martin D. Weiss is also the chairman of the Weiss Group, Inc. and provides various information related to investments. While Juan M. Villaverde is a mathematician and econometrician. He devoted himself in cryptocurrencies analysis since 2012. He is an important part for making those sub-models which are used for the calculation of the Cryptocurrency Technology Index and Fundamental Index for the Weiss Crypto Ratings model. He provides an encyclopedic knowledge of cryptocurrencies and the cryptocurrency ecosystem to the project, according to the official website of Weiss Ratings.
Updates of Weiss Cryptocurrency Ratings are done on a weekly basis. The division covers detailed information related to each coin’s adoption, technology, risk, and reward. Also, a new website of the division provides ratings-based cryptocurrency price indexes, PR Newswire reported.
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