Industry Analysis

Weiss Ratings: XRP among the top 4 cryptos offering the highest returns to investors

Weiss Ratings, LLC, through its Weiss Crypto Ratings division, has evaluated virtual currencies in terms of, among other things, adoption, technology, and returns. On these three, XRP emerged at the top 4 cryptos offering the highest returns to investors

In the report, the other three cryptos offering the highest returns to investors are EOS, BNB, and BTC. When gauged against technology and adoption, only XRP, EOS, and BTC scored grade A.

XRP leads the pack due to its approach to compete with Swift for interbank money transfer. EOS, the report notes, is perfectly positioned to compete with Ethereum and is strong enough to “become the backbone of the new internet.” On the other hand, Weiss sees the Lightning Network on the Bitcoin blockchain as a great addition in positioning BTC “to become a popular store of value for savers and investors.”

Weiss noted:

Despite lower prices since early 2018, [the rating present] hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security… Therefore, for those willing to the risk, the best time to invest could be very near.

However, the top 4 cryptos offering the highest returns to investors only scored B- with none making it to the B+, A-, or A position.

Other cryptocurrencies that scored high grades in terms of technology and adoption are Ethereum (A-) and Cardano (B+). According to the report, Ethereum was unable to score a straight A because it “currently faces difficulties with scaling.” Stellar, NEO, Steem, BitShares, and Zcash also made it to the top 10 list.

However, even with the top 4 cryptos offering the highest returns to investors, Weiss cautions investors against the risk of loss which is likely to be higher in the digital currency market than in any other market.

Do you agree with the report that the listed top 4 cryptos offering the highest returns to investors are the best?

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coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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