Every quarter or so, crypto followers enthusiastically plaster the Weiss Cryptocurrency Ratings across Twitter, Reddit threads and Facebook blockchain groups. Often they use it to justify their specific view on why x coin sucks or why y token is better than the rest. However, for the reasons we outline below, there’s no reason for you to follow these ratings at all. Except for your amusement, of course.
What Are the Weiss Cryptocurrency Ratings?
The Weiss Cryptocurrency Ratings grade different cryptocurrencies on an A to F scale according to their risk, reward, technology and adoption. Like school grades, A is the best rating while F is the worst.
The project’s operator, Weiss Ratings, has been rating traditional finance investments (stocks, mutual funds) and institutions (banks, credit unions) since 1971. Now, the company has branched into cryptocurrency. The Weiss Ratings team takes pride in having no sponsors and accepting no advertising from issuers.
How Do the Ratings Work?
The ratings are split into…