Weiss Ratings Financial Ratings Agency Upgrades Monero
Monero is in the spotlight again and, this time, it’s good news.
The financial ratings agency Weiss Ratings made a move that managed to trigger enthusiasm in the Monero community.
Cryptonews writes that the ratings of both Litecoin and Cardano went down from “C+” to “C”.
“Litecoin’s risk/reward grade remains “D”, both of those aspects rated as “weak,” while its technology/adoption grade is “B+”, with the former rated as “fair” and the latter as “excellent.”‘ the online publication wrote.
They also noted that “Cardano has a “D-“ in risk and reward, both rated “weak,” but it has “B+” in technology and adoption, rated “excellent” and “good,” respectively,” according to the online publication mentioned above.
Weiss Ratings upgrades Monero (XMR)
It’s been also reported that Monero has been upgraded from “C” to “C+” and the risk and reward have been also rated with “weak” and they received a grade of “D+”.
Technology and adoption for Monero received “B” and both have been rated with “good.”
You can check out the chart below to see more coins and their ratings.
Monero in the news
Regarding the privacy-oriented coin’s price, the whole crypto market has been trading in the red today, and XMR is no exception.
A the moment of writing this article, XMR is priced at $73.81 on CMC.
Other than this, Monero has been gaining a lot of popularity this year, and investors’ interest in the coin has been surging.
Needless to say, this is mostly due to the strong privacy features that Monero has and which have been also highlighted by Riccardo Spagni as well.
Other than this, Monero made headlines when crypto exchange OKEx, the unit from Korea, decided to delist all privacy coins including the following: Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC).
Theblockcrypto.com reported that the transaction support for these coins would end soon, more precisely on October 10 and the withdrawal services will end on December 10th.
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