Weiss Ratings Ranked Bitcoin A-grade For “Excellent” Prior to Upcoming Halving

By Chris Torres | February 10, 2020
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Weiss Ratings – the US-based data analysing firm – has reportedly granted Bitcoin (BTC) an A- grade, which stands for the “excellent” status, based on the coin’s recent uplift performance. 

“The Weiss Crypto Rating for #BTC is now A- (excellent), thanks to improving fundamentals and positive price action ahead of Bitcoin’s next halving.” The firm specifically disclosed via a Twitter post. 

Towards the end of March last year, Weiss Ratings placed Bitcoin in the same rank with XRP and EOS, as digital coins which possess the top combination of both adoption and technology. Bitcoin, according to the latest data, has climbed to a higher rank than, compared to the other 2 coins, as XRP is ranked B-, and EOS lower – C – due to a centralization downgrade. 

China – famous for its pro-crypto attitude – has also published its self-issued crypto ratings, primarily deprived from the data processed by the Center for Information and Industry Development (CCID). According to the China’ ranking, Bitcoin clocked in at the 11th place in the September chart. 

CCID, however, gave EOS a highest rating, placing at number 1, with Tron (TRX) and Ethereum (ETH) followed at 2nd and 3rd respectively. XRP takes the last spot of top 20.

Weiss Ratings highlighted the crucial role the upcoming Bitcoin halving event will play – which will reduce the new coins production rate by half (50%), which means the amount of Bitcoin rewarded to miners, for each new block created, will experience a decline, falling from 12.5 to 6.25 coins. 

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