Altcoin News: Bitcoin Rating Upgraded

June 14, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The rating agency Weiss has presented updated evaluations of cryptocurrency projects, making at least one important change in them — upgraded Bitcoin.

Weiss evaluates cryptocurrencies by four indicators grouped in pairs to form a general rating. In an earlier release, Bitcoin received an A rating for its technological component and distribution, largely due to the improved solution for scaling its Lightning Network blockchain. Nevertheless, the factor of correlation between the level of risk and potential reward has always impeded the receipt of high investment valuations by the leading and all other cryptocurrencies.

In the latest version of the rating for this indicator, Bitcoin received an improved score — C-. At the same time, his overall rating rose to B.

Image credit: Weiss

Despite significant advancement in technology and distribution among users, Weiss does not recommend buying Bitcoin. The reason lies in the expectation of a “substantial course correction,” which may follow the recent price increase.

Thus, the company Weiss, last month announced the formation of “the best opportunity to buy cryptocurrency since 2015,” while recommends postponing the acquisition of Bitcoin.

Last week, analysts at Weiss reported that they were forced to lower the EOS rating due to “significant problems with centralization” and unjustified expectations, which many pinned on the event of Cryptocurrency developer Block.One, which took place on June 1.