This was a highly anticipated report as it's the first of it's kind for the crypto industry. After some alleged website hacks, and confusion Weiss eventually released the report and at first glance, I have to question the legitimacy of their analysis. It seems to me they've misjudged several of these currencies. An example of this is Dogecoin... They gave Dogecoin a 'C' rating which suggests a 'hold' position. Doge was created as a joke coin, and is a platform that hasn't been worked on in 2 years. The founder of Doge was interviewed recently and expressed his shock at the raise of the Doge coin; so for it to get a 'C' grade, makes me question their ability to review the market properly. My concerns continued as I read through the report. Here's a look at their ratings, with the top two coins getting 'B' grades (Ethereum and EOS).
'B' Grades
Ethereum (ETH)
EOS (EOS)
'B-' Grades
Cardano (ADA)
NEO (NEO)
Steem (STEEM)
'C+' Grades
Ark (ARK)
Bitcoin (BTC)
Byteball Bytes (GBYTE)
Dash (DASH)
Decred (DCR)
I/O Coin (IOC)
Litecoin (LTC)
NEM (XEM)
'C' Grades
Aeon (AEON)
Asch (XAS)
Blackcoin (BLK)
Blocknet (BLOCK)
Burst (BURST)
Bytecoin (BCN)
Counterparty (XCP)
Dogecoin (DOGE)
Ethereum Classic (ETC)
Kommodo (KMD)
Lisk (LSK)
Monero (XMR)
NAV Coin (NAV)
Nebilo (NEBL)
Nexus (NXS)
Peercoin (PPC)
PIVX (PIVX)
Qtum (QTUM)
RaiBlocks (XRB)
Ripple (XRP)
Shift (SHIFT)
SmartCash (SMART)
Stellar (XLM)
Stratis (STRAT)
Verge (XVG)
Vertcoin (VIA)
Waves (WAVES)
XTRABYTES (XBY)
ZCoin (XZC)
Although I do believe in the potential of their top two coins, I wouldn't put a lot of weight on their rating system. Regardless, it was interesting to see this type of review, and I expect more reports will surface throughout the year ahead.
I threw up a quick poll on Twitter to get a general impression of what the twitterverse thought about the Weiss Report - Valuable or Garbage. After only a few minutes and 200+ votes, the results seem overwhelmingly one sided 72% Garbage, 28% Valuable. Let me know your thoughts and opions in the comment section below!
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