Weiss Crypto Ratings Puts Bitcoin Aside EOS and XRP in Annual Outlook

Weiss Crypto Ratings has put Bitcoin aside XRP and EOS in its report on emerging trends in crypto markets published Tuesday, March 26.

The report - dubbed "Dark Shadows with a Bright Future" - is based on the analysis of 120 cryptocurrencies, and assigns letter grades to cryptocurrencies that have the best combination of adoption and technology.

XRP, the world's third largest coin by market capitalization according to CoinMarketCap, is ranked "A," and per the report is the "Best positioned" to compete with SWIFT - a global system for interbank transactions.

EOS also received an A grade as the leading cryptocurrency that is challenging Ethereum in an attempt to become the "Backbone of the new internet".

BTC received an A grade for its Lightning Network upgrade and the ability to become a popular store of value for savers and investors.

The results of another rating in the report dedicated to risk and reward factors are far from satisfying.

"Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security Therefore, for those willing to take the risk, the best time to invest could be very near."

Major crypto bulls expect a coming "Crypto Spring" to bring crypto price improvements.

Tom Lee, Fundstrat's co-founder and pro-crypto Wall Street analyst, thinks that the industry will see 9 incremental improvements in the landscape that could ultimately support higher prices.

In February, supposed Bitcoin billionaire Zhao Dong said he believes higher valuations will return in 2020.