EF Hutton rated the crypto money: Bitcoin Cash Has 5 Stars
The American stock brokerage company, EF Hutton, will conduct a trial of seven crypto currency values ranging from one to five stars. Christopher Daniels, CEO Christopher Daniels, explains how the company used the methodology to analyze crypto-money and how it was rated.
EF Hutton crypto rates
In the statement made on Wednesday, September 5, the cipher bills of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Litecoin (LTC), Bitcoin Cash (BCH) and Cardano (ADA) will be rated this week. The following explanation of the BCH that has been evaluated is as follows:
We gave BCH 5 stars. 5 stars is the best level and 5 stars are available as vehicles. So we foresee a serious value for this crypto currency.
Founded in 1904, EF Hutton offers digital finance services, including online investment services. The company, Vibrant Mobility Inc., a provider of mobile communications services, and a subsidiary of Hutn Group Inc., which also has integrated social networks and online services provider Megga Inc..
Methodology used in cryptoanalysis
Speaking of the methodology used in the company's analysis, Christopher Daniels adds that EF Hutton sees each instrument separately and also depends on its position relative to other crypto currencies:
We consider short, medium and long term factors that will affect the price of the instrument. However, our note is based on my view of the instrument in the next 12 months. Once we have completed our instrument-specific analysis, we look at other issues that may affect the supply and demand equation.