STEEM Ranked #5 Best Crypto by Weiss Ratings - Top Crypto Rated by Weiss Ratings
Weiss Ratings, an independent ratings agency, just released their first ever cryptocurrency ratings for many of the top cryptoassets. And guess who is in the Top 5 rated? Yup, it's STEEM! You might be surprised to see some of your favorite crypto with low rankings, and some you probably don't expect, with solid ratings. Let's talk about what this means and why you should take it with a grain of salt.
Here is the PDF of the ratings issued:
https://wcy.weissratings.com/media/wri/PDF/WCY/Weiss-Cryptocurrency-Ratings.pdf
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Actually steem is not number 5, it is number 3,4, or 5. There are 2 cryptos which get the top ranking of “b” and 3 which get the next level down of “b-“.
Here is the ranking:
B Eos
B Etherum
B- Steem
B- Neo
B- Cardano
Bitcoin gets a rank of C+
Bitcoin cash is ranked at C-
Ripple gets a rank of C
No crypto is ranked A.
Several score “F” for fraud, or fail.
Steem has so much value. It will show in the price path:
STEEM & SBD - Update - Analysis (42% and 54% gains) — Steemit https://steemit.com/steem/@benkalashnikov/steem-and-sbd-update-analysis-42-and-54-gains
thanks for the chart will take a good look later
No problem!
Yeah Steem is more than undervalued, it is a pretty recent company, same for the coin. It's will reach the moon or even Jupiter by the end of the year !
Steem will look like this one day I believe! https://steemit.com/bitcoin/@investingtips/this-is-the-real-bubble-not-cryptocurrency
Agree!
Sell in May and go away. Maybe! LOL
Lol just saw your post, you knew it ;)
Funny thing is that they didn't listed IOTA on their list.
If pics are not clear Click Here
IOTA is exactly what I came here to see.
This is a trend I keep seeing.
Perhaps it's not quite seen as a traditional crypto?
maybe something to do with it being flawed, see https://news.bitcoin.com/analyst-iota-sharply-overvalued-due-to-overwhelming-evidence-of-serious-flaws/
Creating The Tangle is an extremely ambitious project as is the alternative RaiBlocks. My impression, based on their own poorly-managed news feeds, is that these projects are not particularly well managed. They compare very poorly with Cardano which is my 3rd Generation choice.
I'm sure it had no correlation with today's status BUT damn -- Steem is killing it on Coin Market Cap -- up 55% as of 10 tonight! Biggest mover in top 50 -- aside from IOS.
Thanks for that, couldn't get the PDF without signing up
Not to worry, PDF version is right here for you. Here it is
Always ready to help.
I couldn’t find binance coin on it
exactly!
Here's my own expert ranking:
Generally I agree with the ratings and hodl Neo, Cardano & Ethereum. However I don't understand the attraction of EOS and prefer Litecoin, mainly for sentimental reasons (I first bought it when it was $8.67 back in 2014). I also have something in Ether tokens, mainly OMG.
What do you not see in EOS? You are using the platform of the creator @dan. The almighty Dan has created Steemit, Bitshares, and now EOS to put Ethereum to shame. I would highly recommend reading up on what EOS has to offer to the community because it is coming by storm when it launches. God Bless
Thanks, my first impressions were not as favourable as for Cardano but I'll look into it some more.
Thanks for information, upvoted.
I mentioned that I would take a further look at EOS and possibly buying some tokens. The issue I have is that the EOS blockchain is not yet funtioning so these are simply tokens that have been launched on the Ethereum blockchain by block.one which is a company based in the Cayman Islands. The purchase agreement with that company states:
7.1 No Rights, Functionality or Features. EOS Tokens have no rights, uses, purpose, attributes, functionalities or features, express or implied. EOS Tokens do not entitle holders to participate on the EOS Platform, even if the EOS Platform is launched and the EOS.IO Software’s development is finished and the EOS.IO Software is adopted and implemented.
7.2. EOS Platform. Buyer should not purchase EOS Tokens in reliance on the EOS Platform because EOS Tokens are not usable on the EOS Platform and do not entitle Buyer to anything with respect to the EOS Platform.
So my question is, what exactly are you paying for? You aren't buying a share in the block.one company so you are not a part owner, you are not buying into an ICO so you aren't purchasing a coin that can be traded on the EOS blockchain (so giving you a stake in the blockchain), you are simply buying an intagible 'asset' from a company based off-shore. Once the EOS blockchain has been launched, what rights will these tokens give you? How will they continue to derive value? This would be my primary concern about 'investing' at the present time in EOS.
Do sentimental reasons belong in business? ;)
Good question! I did say 'mainly for sentimental reasons' my other reasons being that Litecoin seems to work very smoothly compared to Bitcoin, transfers don't take long, mining is quicker and more profitable and I wanted to include a 1st Generation currency in my (small) portfolio.
LOVE Cardano! I think it is one of the best coins out there.
Cardano and Stelar have great potential and look very good for long term hold
Stellar > Ripple!
I agree with you but in term of return on investment some money have way more potential. First exchanges as we saw with Binance and Kucoin but also the huge ICO like ton, WanChain.. You should have keep on eye on COSS and BIX. ADA et XRP to the moon !
I agree with you. For me
I feel Cardano is under appreciated
But it's currently sitting in fifth place in terms of market capitalization ;-)
Watch out for Ripple, they have big plans, I'm sure Ripple will be the biggest Crypto one day
Completely depends on what you mean by crypto. XRP is very centralized and is aiming at banks transferring in and out to fiat quickly. It seems to me to be a new "wire transfer" (see western union deal). Completely different from the decentralized store of value and medium of exchange many cryptos are aiming at- let alone those that are/will be a dapp platform.
100% agree I have an acquaintance extolling the virtues of XRP as an appreciating asset all over their social media and has no idea of the core purpose of XRP and that a high value drives away their core customers. Aaaaaaand he lost his ass when it took a ride on the pain train last week :(
amazing post my steemit friends wish you good luk thank you
What happened to btc? It ought to be among the top ranking bs
I mistyped in the title, meant to say "Top 5", not #5, my apologies
@swissclive now i got to know how to make money of steemit.... JUst post about steem dollar or steemit and cyrptocurrency. India is launching soon jio coin
At the end of the day what you post has to be useful and interesting. Why not read the Jiocoin white paper then do a blog about it?
try steem power delegation to me and get daily earning i will be contacted on steemit.chat i pay 10 Sbd daily for 10k Sp delegation thanks @swissclive
haha, thanks for sharing, i was interested but i guess we have to pay for this info ... i'm glad at least they didn't rate anyone an "A", that would stink of presumption
F for Tron and Ripple
cardano is a great project because it can change !
@sadikbattaloglu Bitcoin News
True and thanks for the clarification!
I don't agree with your Bitcoin, Ethereum and Ripple comments...
Here is my ranking:
A Ethereum
B+ Bitcoin
B+ Ripple
B Cardano
B IOTA
B Stellar
B EOS
B- NEO
B- Steem
C Waves
These rankings by weissratings.com have created huge debate, and also huge hatred. If you look at Twitter, you can see the hatred and vitriol being poured out because someone’s coin was not chosen as number 1. Here are some examples from Twitter:
This guy is a genius <3
It's great seeing Steem start to become more prominent in the public eye!
Great for Steem but I dont agree with these rankings...Bitcoin C+? lol
great analysis
© @tangleblog
Nice. 😂
hahhahahahhahahha nice meme
i am a newcomer in steemit if any time come my bog thanks
LOLZ quick meme job
how do you feel about bitcoin being banned in some countries?
tnx for upvote and resteem
@greenwhell (48). Your comment above looks very spammy.
I looked at your other comments and they are similar in style, not including any intelligent or interesting discussion about the blogger’s topic. You don’t include anything to even show the authors that you read their blog.
This reeks of insincerity and laziness. It looks like you are trying to draw attention to yourself, probably hoping for upvotes or follows.
Spam posts like this risk getting flagged.
Before you make another comment, please read some of the many excellent steemit guides. Here are some examples which are particularly relevant to you
https://steemit.com/steemit-abuse/@spaminator/updated-your-reputation-could-be-a-tasty-snack-with-the-wrong-comment
https://steemit.com/steemit/@miti/a-complete-guide-for-newcomers-and-minnows-to-avoid-a-possible-spam-and-to-write-good-comments
If you liked the blog but have nothing interesting to add, then an upvote is generally sufficient.
thats great! lol
IOTA will be rated soon. Conflicting sources tell us VERY different stories about it. It will be posted soon.
Any source for that? I hope they take all the real facts, that there are no and there were never any vulnerabilities as we know from today (twitter / reddit) and no FUD. So if they first check which story is right it's a smart move to wait with the grade for it before they spread more FUD.
Nice
Something new for me. I didn't know that. :D
Yep,,,,we be going down the Shitter soon.....
It’s funny I put up a similar post, amazing!
Awesome! I did not know about this website and happy to see steem at #5!!
I'm also happy that steem is getting this good press. Following @joeparys cuz I'm seeing him every where. lol
Lolz. I do have the same reason for following him.
Well, its good and motivating to see the STEEM at 5th rank. I think STEEMIT is the best platform for freelancers where anybody could take start with nil investment and can earn handsome rewards if he continue to work persistently.
This is wow. This is one of the best news i have heard this week. Wow am so happy! Steem no 5! @joeprays and @crytobobby.
yes thats great. the steemit is a very good platform with a large number of users.
Lets connect with each other. together we will grow fast and make steemit bigger than that.
@qami
Nice to see I have 3 out of the top 5 in my portfolio. So the question becomes....should I add one more and if so, which one.
What do folks here think, NEO or EOS?
@law251, read your words on EOS and cannot help but be interested in those questions. Still....wonder what others think and more importantly, why. I'm always going to delve into my own research, but having a direction or clue that points to pertinent info never hurts.
The PDF was taken down and put behind a paywall, but now it's circulating Twitter:
https://twitter.com/leocyber/status/956196206455283712
Thanks for linking to this tweet! I wanted to have a look at it, but I didn't think it was worth registering and paying for just to have a quick look.
I took pictures of it while it was up in my steemit https://steemit.com/@robmcc