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Weiss Ratings recommends users to purchase Ethereum and hold off Bitcoin

Weiss Ratings recommends users to purchase Ethereum and hold off Bitcoin

Ethereum outperformed Bitcoin in the ratings of digital currencies published by U.S.-based financial agency Weiss Ratings.

Bitcoin was rated С+. Despite BTC is highly adopted and well-secured, its volatility, expensive transactions as well as delays caused the cryptocurrency downgrading in the ratings.

Ethereum and EOS got B, Cardano and Neo - B- while Bitcoin Cash - С-.

Besides, the agency gave the maximum grade of A to no covered digital currency.

Cryptocurrencies were rated from A to D. The company representatives report that A and B is an equivalent of ‘to purchase’, C – ‘to hold off’, E and D – ‘to sell’.

Weiss Ratings covered 74 cryptocurrencies evaluating a range of factors including price risk, reward potential, and security.

According to the specialists, the appearance of a new classifier would bring new investments initiated by Wall Street to the cryptocurrency market.

 

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