April 25, 2024

Weiss Rating published its cryptocurrency rating

Weiss Rating published its cryptocurrency rating

In the latest report, financial ratings agency Weiss Ratings downgraded Litecoin and Cardano, while Monerohe was promoted.

Litecoin and Cardano ratings dropped from C+ to"C". Litecoin's risk/reward score remains 'D', both of which are rated 'weak', while technology/adoption — “B+”, with the first being rated as “satisfactory”, and the second — as "excellent". Cardano has a D- for risk and reward, but a B+ for technology and adoption.

Last time, LTC and ADA were on the 4th and 5thplace accordingly, now both coins have fallen in the cryptocurrency rating. BTC and ETH top the list with their B-classes, followed by four coins with a C + rating.

One of them — Monero, whose rating wasupgraded from "C" to "C+". The cryptocurrency's risk and reward were rated as "weak" and received a "D+" rating. Technology and adaptation assessment — "B" is therefore "good" in both cases.

Weiss Rating published its cryptocurrency rating

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Weiss ratings give cryptocurrencies ratings from A to F, while a plus or minus sign indicates the upper or lower third of the rating range.

Agency recommends “keep in mind that ratingsWeiss Crypto Rating reflects not only long-term, relatively stable factors, such as technology and implementation, but also short-term, volatile factors, such as investment risk and reward. Therefore, they can change with a certain frequency. "

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