Weiss Ratings Slams Ripple (XRP) and Cardano (ADA): they are "absolute steals"


Weiss's ratings bring some really interesting news for the cryptosphere and you will surely be surprised by his findings. To make a long story short, the company provides a look at eight of its best crypts and really does some very popular coins like Ripple & XRP and ADA.

Weiss Ratings claims to present objective results

The rating agency has been providing market research and analysis for consumers and companies for over 40 years.

They define themselves as the only 100% independent valuation agency that covers securities, ETFs, mutual funds, insurance companies, banks and credit unions.

Weiss The assessments argue that the independence of society is rooted in a big difference in the way they are doing business.

The company itself states that it does not accept compensation from any company for its rating, it never allows companies to influence their analysis or conclusions, they reserve the right to publish their ratings based only on publicly available data and other elements that are certainly vital characteristics for this society. [19659002] Four scrambled are criticized by Weiss Ratings

However, returning to the crypt, the rating agency, criticizes four coins, in particular, calling them "stolen absolute".

They claim that IOTA, XRP, NEO, and ADA will not return to their former glory, since it is equal to or greater than 90% of the pullback.

Society praises four more coins

The classifications of Weiss praise Nano, Basic Attention Token, Stellar and EOS as four additional coins that he believes have much potential.

The agency also revealed some bold predictions about the future of Ethereum and Bitcoin.

Weiss assessments have stated that Ethereum is expected to take biting Bitcoin's market share in the next five years or so.

The company is calling Bitcoin a "pony one-trick" claiming that it will probably lose 50% of its market share in Ethereum.

The company has based its argument on the fact that Ethereum offers more cases of use than Bitcoin through its ability to create decentralized apps and smart contracts.

Eduard Watson Author

An experienced financial writer for over 10 years, active observer industry and gadget enthusiast.

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