Cardano, Polkadot and these three altcoins are technologically superior to Ethereum, according to Weiss Ratings
These five crypto projects are more technologically advanced than Ethereum, according to an experienced financial valuation firm.
Latest updates from Weiss Ratings shows Cardano (ADA), Polkadot (DOT), Tezos (XTZ), Cosmos (ATOM) and Fantom (FTM) rated the technology as “very good”.
Ethereum (ETH) lags behind Holo (HOT), Iota (IOTA), Grin (GRIN), Bitshares (BTS), Algorand (ALGO) and Nexus (NXS) with “good” ratings.
Weiss Ratings says it uses a unique model that measures thousands of data points and ranks each crypto asset based on categories such as technology, adoption, investment risk, and market dynamics.
In terms of the overall ranking of companies, Ethereum (ETH) leads the market with an “A-” rating, followed by Bitcoin (BTC) with a “B” rating. Stellar (XLM) and Cardano (ADA) follow the top projects in the industry with a “B” rating.
The company also analyzes the entire market. In a new post on Blog, announced analyst Marija Matic that she entered the crypto market after El Salvador passed a law introducing Bitcoin as a legal currency.
“Bitcoin is still around 15% after bullish news from El Salvador.
While Bitcoin is not yet out of danger, open interest for Bitcoin futures is on the rise, with open interest increasing by around 20% in June. This shows that retailers are becoming more optimistic. “
She stressed that while fundamentals haven’t changed, the bulls still have a lot to do before things get bullish.
“Financing rates are neutral, open interest has increased, indicating that the peak is nearing the end. However, the trading volume remains low and investors have to break out of the “fear zone”.
Weiss Ratings has been providing financial market research and analysis for over 30 years and published its first cryptocurrency rankings in early 2018.
According to Dailyhodl