The Weiss Cryptocurrency rating has issued its annual outlook report on company and market new trends of cryptocurrency. In this report, they give top three positions to XRP, EOS, and Bitcoin and they have put Ripple’s XRP at the 1st position in the report, as the adoption of new technology and trends in the market.
The Weiss crypto rating has studied over 122 cryptocurrencies across the whole cryptocurrency market. The report attempts to eliminate what it explains as a misinterpretation amongst the spectators who “seem to think there’s been a company-wide decline is utilizing and practical applications.”
“Nothing could be further from the truth,” stated Weiss. The important points reviewed in the Weiss’s report, they fast to show that crypto adoption for cryptocurrency lasts high and on the increase, instead of surviving coin prices.
The Weiss Crypto rating report stated, “Since prices have fallen so dramatically, many people assumed that real-world adoption of cryptocurrencies must have done the same. But the data show this isn’t the case. An important segment of the industry enjoyed remarkable growth in on-chain transaction volume, network capacity, and network security, often powered by an evolution in the underlying technology.”
The crypto companies such as Ethereum, Cardano, Steem, NEO, ZCash, Litecoin, and Stellar followed XRP, EOS, and Bitcoin in top 10 positions. The Weiss technology didn’t count the risk taken by investors and reward when ranking the crypto firm while ranking them; they instead studied them on the basis of tech or adoption as a metric for long-period investors.
The Weiss place XRO, EOS and Bitcoin in the top 3 crypto that will further influence the market in a short and long period, explaining, “XRP is best positioned to compete with SWIFT; EOS is the leading cryptocurrency challenging Ethereum; Bitcoin is the most likely to become a popular store of value for savers and investors.”
The founder of the Wiess Marin D. Weiss described that his firm studied the expansion rate for crypto over the period of last year and found an enormous boost in the transaction figures and network capacity, even the prices are going down throughout the whole 2018, explaining, “Despite lower prices since early 2018, our rating model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in the user transaction figure, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology. Therefore, for those willing to take the risk, the best to invest could be very near.”
These ratings may provide people a good overview of the crypto coins and cryptocurrency market, and from the views of who can be appropriately explained as a crypto firm outsider in Weiss.