STEEM & EOS are now LEADING the Weiss Cryptocurrency Ratings!
Steem & EOS are leading the pack
Whatever you may think about the validity of 'Weiss Cryptocurrencs Ratings', this is fantastic news for EOS & STEEM.
In their new weekly update, STEEM was able to climb up a rank, from B- to B, while EOS was able to hold it's leading position (B).
Ethereum on the other hand, was not as lucky and fell one rank from last weeks' B to B-.
A new world record
Maybe someone at Weiss had a look at blocktivity, as Steem set a new world record today:
The blockchain passed over 2 million transactions in 24h, while only running at 0.17% capacity! Ethereum on the other hand is using over half it's capacity to process about 800,000 transactions.
While only EOS and Steem get a B, a few more coins are rated with B-:
Cardano, Decred (up from B-) and NEO.
The first brainchild of Dan Larimer, Bitshares, has not moved since last week and is rated at C+
A good sign for the markets
Although the transparency and validity of Weiss Ratings is questionable, it will likely have a positive effect on the market.
When the rating was first published, most blockchains rated 'B-' or ''B, saw a decent increase in price.
Steem itself, went up over 30% from last weeks' $4 to now $6.40.
It is definitely an encouragement to see Dan's projects valued & recognized by traditional institutions.
So much vaporware being hyped on reddit, at least these Weiss ratings systems can see the truth. Still I don't agree with their rating of Bitcoin Cash, I think that deserves a C+ at least with its huge potential for real world merchant adoption.
I agree with you on Bitcoin Cash! I think what's behind the institiutional disdain for projects like Dash, BCH or Monero is their anarchic flavour. But that's fine, those projects have their unique value proposition as a primary opposition to the central banking system.
Ah man you're so awesome! I've been aware of your blog for a while, I'm so impressed with your recent insights. Bitcoin Cash, like EOS, is really a project for those in the know. Are you a ZenCash fan too? I'm accumulating at the moment, any new money I have goes 100% into ZEN!
Thanks alot for that! :)
I'm pretty impressed that another Buddhist is into EOS and BCH!! I guess we're on the right path then? :D
havn't looked into ZenCash yet, but sounds interesting.
The WEISS ratings understand the game on a level that many fail to. This is very good news for both STEEM and EOS. Let's keep up the good work!
That's certainly an option ;)
EOS and Steem will keep on growing! By the way i just did post were i talked about Neo i would be really happy if you checked it out!
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STOPvery nice i like it. good luck!!!!!!