Weiss Ratings Report: Ethereum Is Ahead Of Bitcoin And Cardano Has The Best Tech
Weiss Ratings has a new report out which brings some interesting data into the spotlight.
It seems that Ethereum just dethroned Bitcoin as the top coin according to the latest report from Weiss ratings.
Weiss ratings updates overall crypto rankings
The ratings agency managed to update its overall crypto rankings, which consider adoption, technology, market momentum, and investment risk, as the Daily Hodl revealed.
Weiss is placing Ethereum (ETH) in the very first spot, followed by Bitcoin (BTC), Cardano (ADA), Litecoin (LTC), and Stellar (XLM).
In addition, the crypto ratings agency named Cardano as the coin with the best technology.
Cardano’s Shelley is reflected in their tech model
The Shelley hardfork was a complete success as we already reported, and Weiss analyst Juan Villaverde explained the following:
“Shelley is already reflected in our technology model because we had full confidence that it would come out with this (fork),” he said.
He continued and explained that “We’re also reflecting on that same model that Cardano is capable of running smart contracts and dApps because we think these things will come out eventually so when Cardano pushes a code update, it doesn’t really reflect on our ratings, unless it’s something new on the roadmap that wasn’t there before…As the fundamentals for the blockchain, that is Cardano, improve over time, it will be reflected in our ratings.”
Speaking of Cardano, the team recently upgraded the website.
The new-look Cardano Foundation website is live. As the last deliverable of Project Renovare, our refreshed branding is a reflection of the readiness of the Cardano blockchain, which has become decentralized through the launch of staking and delegation.
— Cardano Foundation (@CardanoStiftung) August 4, 2020
It’s been also revealed that Weiss considers Cosmos (ATOM), Fantom (FTM), Tezos (XTZ), and Ethereum as the top coins in terms of technology as well.
Check out more data in the original post by Weiss Ratings.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.