Weiss Ratings Slams Ripple (XRP) And Cardano (ADA): They Are “Absolute Steals”

Weiss Ratings brings some really interesting news for the cryptosphere, and you’ll definitely be surprised by its findings. Long story short, the company provides a look at eight of its top crypto picks and slams really hard some popular coins such as Ripple‘XRP and ADA.

Weiss Ratings claims to present objective results

The ratings agency has been providing market research and analysis for consumers and businesses for more than 40 years now.

They call themselves America’s only 100% independent rating agency that’s covering stocks, ETFs, mutual funds, insurance companies, banks, and credit unions.

Weiss Ratings claim that the company’s independence is grounded in a massive difference in the way they’re doing business.

The company itself says that they don’t accept compensation from any company for its rating, they never allow companies to influence their analysis or conclusions, they reserve the right to publish their ratings based only on publicly available data, and more elements which are definitely viable characteristics for such a company.

Four cryptos are slammed by Weiss Ratings

Anyway, getting back to the crypto, the ratings agency, criticizes four coins, in particular, calling them “absolute steals.”

They claim that IOTA, XRP, NEO, and ADA will not return to their former glory, as they’re at or above a 90% pullback.

The company praises other four coins

Weiss Ratings praises Nano, Basic Attention Token, Stellar and EOS as four additional coins that it believes have a lot of potential.

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

Weiss Ratings said that it expects Ethereum to take a massive bite out of Bitcoin’s market share in the next five years or so.

The company is calling Bitcoin a “one-trick pony,” claiming that it will likely lose 50% of its market share to Ethereum.

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

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

Comments are closed.