LATEST: Weiss Crypto Ratings released here.
Come on, face it, a good ratings system from a third party is well over due, so what better third party than Weiss Ratings LLC. In the words of the founder, Martin Weiss, “Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide”. Keep reading – it’s important.Our ratings are based on hard data and objective analysis. But they're bound to create controversy, including some grades that may come as a surprise to some people #WeissCryptoRatings Click To Tweet
Why care what Weiss Ratings have to say?
Completely independent, Weiss Ratings agency are dedicated to providing impartial ratings, covering; stocks, ETFs, mutual funds, insurance companies, banks and credit unions – it is America’s ONLY 100% independent rating agency. It has been Weiss Ratings previous success in highlighting warnings ahead for company failures, three times more often than their closest ratings competitors, as stated from the US Government Accountability Office.
You may not care what Weiss Ratings will have to say in grading the top cryptos, but there will be many, larger investors, especially those that control pension funds, that will probably be looking at those top graded cryptos, for safety, if nothing else.
How the cryptos will be graded
1. Risk Index (how much downside potential
2. Reward index (potential return)
3. Technology Index – looks at underlying code, robustness, flexibility and scalability
4. Fundemental Index – adoption and security; how much it’s used, how it’s performing, transaction speed, etc.
If you had to grade each cryptocurrency on the above areas, where would you put BTC, LTC, ETH & XRP?
Martin Weiss goes on to say that there will be a “tremendous battle between first generation vs. second and third generation coins” … “Very possible one or 2 coins will get A ratings, but recent movements may make us re-look before publishing”
What to expect from Weiss Crypto Ratings?
First Weiss Crypto Ratings released Wednesday, 24th January, 2018. Being the inaugural ratings, if ever the Weiss Ratings were going to have a direct impact on the overall market – it’s probably going to be on that first release.
Secondly, we’re not going to make any assumptions of the top graded cryptocurrency in these ratings, I’m sure you’ll find many crystal ball predictions from other websites on what they expect to come out of this, again, all we will say is; be cautious on this day. Maybe it will pass without any acknowledgement, what if it does have an impact? There could be some upset in having a real tussle of each coins presence in the top list (by market cap). Maybe some coins could be demolished, while others rise, unexpectedly? And I say this, because Weiss Ratings founder, Martin Weiss said,
“Our ratings are based on hard data and objective analysis. But they’re bound to create controversy, including some grades that may come as a surprise to some people”
Furthermore – if you are speculating on XRP, be double sure to keep your eyes peeled on Wednesday, as it was the 24th Jan, 2016, when the previous Ripple Labs Q4 Report was released, so it could be a double impact this year… and potentially, is this what Ripple Labs have been waiting for? Let Weiss release their ratings before Q4 report so to adjust some details.
Whatever coin(s) you are holding, now is the time to think about reality, vs your dream. Many of us speculate on coin and hold on to them dearly, like its the sporting team we are supporting, yet, we all know we should really keep the emotion out of this.
Put your seat belts on – short term volatility is imminent.
CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.