In the latest figures released by financial rating agency Weiss Crypto Ratings this week, Cardano (ADA), Tezos (XTZ), Cosmos (ATOM) and Fantom (FTM) are the top coins by in the “technology” category, ranking above Bitcoin (BTC) and Ether (ETH).
Released weekly, the rating compares cryptocurrency coins in a number of categories including adoption, risk/reward and technology.
The list currently rates 123 coins and tokens with the highest overall rank only hitting a B+. The risk/reward column does not give any coin a rank above D.
The Weiss Crypto Ratings model is built with five basic layers that take data from the project’s technology, adoption, risk and momentum. These layers then filter the information through in-house software models identifying each component in relation to the potential success or failure of the overall company.
In part, their success is claimed by their ability to remain impartial and objective through the fact that they receive no incentive or compensation from any of the cryptocurrencies.
How the top projects are traveling
XTZ, ADA, and ATOM are currently ranked 10th, 13th, and 23rd respectively by market capitalization.
Tezos has shown strong gains in 2020 with the current price of $2.68 almost double the price coming into this year. Previously the team was in the headlines due to legal battles and internal fighting.
Cardano just released its V1.0.0 Daedelus update with other milestones expected to be hit throughout the year. The protocol’s founder Charles Hoskinson recently told Cointelegraph why he believes the project could reach a trillion-dollar market cap.
Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.