Weiss Ratings, the provider of independent, unbiased, trusted ratings of Stocks, Mutual Funds, Cryptocurrencies, ETFs, and Financial Institutions, has stated that Cardano (ADA), the fifth-largest cryptocurrency by market capitalization, is superior to Ethereum, the largest smart contracts platform, in terms of technology.
Weiss Ratings rated Cardano’s technology as “excellent” and Ethereum as “good”. Another cryptocurrency that ranked high than Ethereum is Polkadot, a blockchain project created by an Ethereum co-founder, Gavin Wood. Others are Fantom, Cosmos and Tezos.
Summary of the Ratings
Nevertheless, considering other factors aside from technology, Ethereum is still superior to others, while Bitcoin ranks second overall.
In summary, the crypto rater stated that Ethereum scores an overall rating of A-, leading in adoption and is the second in market performance.
Another thing that’s worthy of note in the ratings is that Dogecoin (DOGE), the popular meme token and Elon Musk’s favorite cryptocurrency is rated as “very weak”.
About Weiss Crypto Ratings
The Weiss Crypto Ratings are updated on a weekly basis to show the most recent developments in the crypto ecosystem to help traders and investors in decision-making.
According to a blog post on the official website of the crypto rater, the firm is based on “a groundbreaking model that considers thousands of data points on each coin’s technology, adoption, investment risk, and market momentum.”
The firm aims to help investors avoid the hype in the crypto space and identify the few solid and promising digital currencies that truly merit their attention.
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