Top Crypto Rated by Weiss Ratings – Get your Pitchforks Ready
The Weiss Ratings rating agency believes that Bitcoin now has excellent investment attractiveness, therefore it assigned it grade A-.
The company claims that the attractiveness of the first cryptocurrency as an investment instrument has increased due to the improvement of fundamental indicators and positive dynamics of the exchange rate ahead of the halving..
Analysts expect that a decrease in miners’ remuneration will create a shortage in the market, which will lead to an additional increase in the price of the asset. At the time of publication, the MTC rate has grown by 38% compared to the indicator at the beginning of the year, and is hovering at $ 10 thousand.
Last spring, Weiss Ratings gave Bitcoin a B- rating, putting it on par with XRP and EOS.
However, not everyone is sure that halving will create long term impulse. According to the expert of the Academy of Finance and Investment Management Gennady Nikolaev, with a high probability, bitcoin awaits the fate of litecoin, the price of which, thanks to active speculation, has risen to «day x», but immediately after it began to fall rapidly.
text: Ivan Malichenko, photo: Shutterstock