Image source: https://www.digitaltrends.com/cool-tech/what-is-ethereum-blockchain-cryptocurrency/
The cryptocurrency is getting more expensive after getting a rating higher than that of bitcoin.
The second largest cryptocurrency, Ethereum, is approaching its historic price record after Weiss rating agency assigned this rating a higher rating than bitcoin.
According to the portal CoinMarketCap, Ethereum rises by 6.2% this morning, up to 1.22 thousand dollars (the historical record is about 1.42 thousand dollars), bitcoin went down by 1.8%, to 11.57 thousand dollars. At the Bitfinex exchange, the cryptocurrency fell in price by 2.6%, to 11.6 thousand dollars. On the stock exchange OKEx, the currency was getting cheaper by 1.6%, to 11.62 thousand. And according to the portal Coindesk, bitcoin was down in price by 2.3%, to 11.42 thousand dollars.
Image Source: https://www.weissratings.com
Independent American rating agency Weiss Ratings assigned Ethereum a rating of "B", while bitcoin received a rating lower - "C +", CNBC reported. The agency attributed the lower estimate of bitcoin to the fact that the largest cryptocurrency is facing network difficulties, which leads to delays and high transaction costs. Bitcoin, the agency's commentary reports, does not have a direct mechanism for the urgent upgrade of its software code.
None of the 74 cryptocurrencies, according to the agency, received the highest rating of "A". The highest of the assigned ratings ("B"), except for Ethereum, received the EOS cryptocurrency, the 9th largest in the cryptocurrency market, the channel reports.
Also, according to the data of CoinMarketCap, Ripple's cryptocurrency rises by 6.8%, to 1.38 dollars, Bitcoin Cash - by 1.6%, to 1.7 thousand dollars. Capitalization of the market is currently $ 584.71 billion. The share of bitcoin is approximately 33% of the whole market of cryptocurrencies, Ethereum - 20%, Ripple - 9%.
Meanwhile, the Japanese currency exchange Coincheck reported payment of compensation to users who suffered after a recent attack on the exchange. On Friday, the exchange stopped trading in cryptocurrencies, except bitcoin, amid media reports on the withdrawal of digital currency users from wallet accounts for several hundred million dollars. Initially, the restrictions applied to the NEM crypto currency. According to the exchange, the attack affected 260 thousand users, they will be paid 523 million NEM - more than 500 million dollars.
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Ethereum a remarkable improvement, will Ethereum approach Bitcoin this year?
Not sure. Some "experts" are forecasting a market cap "flipenning" between the values of BTC and ETH... not sure what to think of it. One thing for sure, BTC does seem to be lacking on the tech side when compared to Ethereum.
Great post,it's good to see ETH doing so well
Thanks for sharing
great post sir
Thank you so much for this information
Obviously you have done your research, great work... Thanks for summarizing the info.
Considering the amount of ICO's/smart contracts pushed through the Ethereum blockchain and the consistently high volume, I believe that Ethereum is still heavily undervalued. There are competitors in the smart contracts space, but none have proved their concepts quite as well as the working product of the Ethereum blockchain. 2018 is going to be a fantastic year for Ethereum if the overall health of the crypto market maintains.
Yeah, the success of ETH may be correlated on the success of the projects run on the platform, as well as the overall Cryptocurrency market.
You are right..👌
Thanks for the share...dear
Interesting times in the wide wild world of cryptocurrency. Many development keeps coming up every single day
A higher rating than bitcoin? The more i read, the more i realise i know nothing yet.
I am following you. Please check my thoughts on a crypto currency ecomomy.
@weddingdresses
Thank you and will do.
@originalworks
I like your post
Hello @Ebargains good post,
Well i would say that ethereum actually having a useful protocol with its smart contracts implementation is a more of value deserving coin compared to bitcoin that has only value because of the popularity. This to me should be a big indicator for how the future of the crypto moneys still has to be created, if you know what i mean.
Very true! If looking at the value of the protocol on a technological and use case basis, ETH seems to blow Bitcoin out of the water. However, the BTC team can still do some major upgrades that will make Bitcoin a lot more competitive, including lightning network transactions as well as some app capabilities.
Hi @ebargains ! Great post, i like it, i just upvoted it ! @wildvest
Maybe if a crypto could get rated as A, it would have a huge price jump?
w00t w00t, ETH TO THE MOON!
Awesome, thanks for posting this! I had seen this thing about the Weiss Ratings, but had yet to research it. This answered a lot of my questions.
Long read it was like a tai lopez ad.
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excellent post @ebargains
i did update on similar weiss report and why steem and eos are tops yesterday.
lets keep steeming hot
Very interesting, thanks for this informative and well written article. Have they rated steem or SBD yet?
Not yet :) I wish they would though. They are rating the major cryptos according to capitalization and volume traded on coinmarketcap.
Upvoted, Followed and Resteemed by @cryptoryno33
fantastic post friend
Excellent and interesting post friend greetings
This post has received a 10.11 % upvote from @boomerang thanks to: @ebargains
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Other than branding, BTC has no value. It is slow, expensive and offers no smart contracts and certainly no anonymity.
ETH is a major improvement proving much faster transaction times and smart contracts, yet suffers by not be anonymous. I believe ETH will have a great year, but tokens that offer anonymity are going to be the primary focus and there are some great ones that are still plenty affordable.
Keep it up -- I'm following you now as well.
Thank you!
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