By Tobi Loba
Weiss Crypto Ratings, the provider of independent ratings of digital currencies, has recently stated that Cardano (ADA), Tezos (XTZ), and ten other digital assets are now technologically superior to Bitcoin (BTC), the first and largest cryptocurrency, and the Ripple’s digital token XRP.
According to the financial rating agency, a unique model that measures numerous data points is being used in the ratings. The ranking of the digital assets released comprises technology, adoption, investment risk, and market momentum.
Cardano (ADA) and Tezos (XTZ) Are Superior to Bitcoin and XRP
Going by the recent crypto assets raking released by the rating agency, Cardano (ADA), Tezos (XTZ), Fantom (FTM), and Cosmos (ATOM) are technologically superior to Bitcoin (BTC) and Ripple’s XRP. The four cryptocurrencies mentioned were given “Excellent” ratings by Weiss Crypto.
On the other hand, Holo (HOT), Ethereum (ETH), Iota (MIOTA), Bitshares (BTS), Grin (GRIN), and Nexus (NXS) were given “Good” ratings, while Bitcoin and XRP received “Fair” ratings.
Ethereum (ETH) Tops Adoption Ratings
In terms of crypto adoption, the second-largest cryptocurrency by market capitalization, Ethereum (ETH) comes on top with “A” adoption grade.
Regarding adoption, Bitcoin occupies the second position with “A-” rating, while XRP, Stellar (XLM), Litecoin (LTC), Dash (DASH), and Tezos (XTZ) received “B” adoption grade.
In the overall crypto ratings, Bitcoin and Ethereum received “B+” ratings, while XRP, Stellar, Litecoin, and Tezos follow the two largest cryptocurrencies with “B-” grade.
Weiss Crypto Analyst Says Crypto Assets Are Showing Signs of Recovery
In another development, an analyst at Weiss Crypto ratings, Juan Villaverde, averred in a blog post that cryptocurrencies in the market are beginning to display signs of recovery following the significant downtrends experienced over the past weeks.
Juan Villaverde noted:
“There is a silver lining: we’re starting to see clear evidence – including price action over the seven-day trading week ended yesterday –that an important low may have been established for most crypto assets around Sept. 9.”
“As we’ve often said, this is critical to a sustainable crypto bull market, as Bitcoin is the go-to asset for new money seeking refuge from the rampant asset price inflation policies being pursued by most central banks.”
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