NEO First Project to Break into Weiss Ratings A-Tier

NEO First Project to Break into Weiss Ratings A-Tier

Earlier this week, a post started making the rounds regarding the updated Weiss Cryptocurrency Ratings.

The Weiss Ratings agency released a new batch of cryptocurrency ratings that gave NEO an A- investment rating.

Weiss Ratings

The updated Weiss Ratings screenshot circulating Reddit and other communities.

The Chinese-based blockchain platform and cryptocurrency is the first project to break into the A-Tier, as dictated by Weiss Rating standards.

Although we haven’t been able to find a formal release of the Weiss Rating chart, this news/rumor has been fairly controversial. It’s important to only treat the formal information released on their cryptocurrency ratings subdomain. Also, fair warning, don’t to try to find the PDF on external sources because many scam sites are attempting to lure people into their malware-infested site with promises of the PDF.

Here are our takeaways:

  1. Well-deserved for NEO. The team has been working hard to provide a blockchain platform that is front-facing enough to draw investment recommendations even from an old-guard rating agency. Being the first cryptocurrency to receive an A- rating is a pretty big deal, however, the accomplishment is still limited to the parameters of the influence of the Weiss Ratings Agency.
  2. Many people still doubt the legitimacy of the Weiss Ratings Agency’s attempt to evaluate cryptocurrency projects. In a note completely unrelated to NEO’s award, the cryptocurrency community has been viewing the Weiss Ratings Agency’s overall evaluations as unfounded and amateurish. While it seems the only saving grace for the Palm Beach Gardens rating agency is its reputation, their attempt to create a standardized rating system in the cryptocurrency world is commendable.

Final Thoughts

As the Weiss Ratings Agency cryptocurrency research team continues to evolve, it’s expected they’ll be able to put together better reports. It is one of the few legitimate cryptocurrency rating systems, but it seems to be far from winning over the cryptocurrency community at-large to view it as the standard.

As anything in this industry, it seems to be a work in progress, and recognizing valuable and well put-together cryptocurrencies such as NEO as the higher tier of projects is a good first step.

NEWSLETTER

Newsletter (Sidebar)

  • Hidden
  • This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

this week in cryptocurrency november 30 2018

This Week in Cryptocurrency: November 30, 2018

This week in cryptocurrency: Ohio accepts crypto, Overstock bets the house, and the UAE starts planning. Read...

Read More
CoinDCX

India’s First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta

India, already home to 1.37 billion people (nearly 4x that of the United States), is one of…

Read More
ownerless business

With Blockchain, Ownerless Businesses are on the Horizon

Can a world exist with ownerless businesses? Watch out how blockchain technology is setting the foundation for...

Read More

NEXT ARTICLE

Getting Started Gold Bars.

NEXT ARTICLE

India’s First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta

India, already home to 1.37 billion people (nearly 4x that of the United States), is one of the fastest-growing countries. India’s population demographic is much younger than that of China and the United States, and its middle class is anticipated to be the largest in the world (in terms of quantity of people) by 2025. …

ABOUT THE AUTHOR

Getting Started Gold Bars.

ABOUT THE AUTHOR

Alex Moskov is the Founder and Editor-in-Chief of CoinCentral. Alex leans on his formal educational background (BSBA with a Major in Finance from the University of Florida) and his on-the-ground experiences with cryptocurrency starting in 2012. Alex works with cryptocurrency and blockchain-based companies on content strategy and business development. He privately consults entrepreneurs and venture capitalists on movements within the cryptocurrency industry.

His writing has been seen in The Hustle, VentureBeat, Yahoo Finance, Harvard Business Review, and Business Insider. His articles on CoinCentral have been cited on publications like Forbes, TechCrunch, Vice,  The Guardian, Investopedia, The Motley Fool, Seeking Alpha, and more.

He also regrets not buying more Bitcoin back in 2012, just like you.

You can connect with Alex on Twitter.