Cryptocurrency Rating Agency Says Ethereum Is Better Than Bitcoin And Ripple — Should You Trust It?

(Photo by Tomohiro Ohsumi/Getty Images)

After gaining some recognition on Wall Street, cryptocurrencies have attracted the interest of asset rating agencies.

Last week, Florida-based Weiss Ratings released a report that assigned grades to dozens of cryptocurrencies based on a number of metrics, like risk, technological innovation, and other fundamentals.

There were a couple of surprises to the report. One of them was that none of the cryptocurrencies rated received an “A.” Another surprise was that Ethereum received a higher grade than Bitcoin and Ripple.

Cryptocurrency/Fund/Index%7d%YTD
Bitcoin (BTC)-3.96-20
Ethereum (ETH)+0.71+28
Ripple (XRP)-21.67-45
Litecoin (LTC)-7.95-20
SPDR Gold Shares (GLD)1.53.17
 Source: Coinmarketcap.com Friday, January 26, 2018, 11.30am

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any cryptocoins or tokens.]

How trustworthy are Weiss ratings? Investment and cryptocurrency experts are divided.

“Very trustworthy,” says David Drake, a crypto asset expert. “It is the first step for more ratings to come out on cryptocurrencies.” […]

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