Weiss ratings agency has just displaced ripple from its third position and now IOTA is set on there while Bitcoin is still number 1. The rating agency updated its crypto ranking while BTC and ETH still rank 1 and 2 respectively, so let’s find out more in the following IOTA news.
IOTA got a B+ rating in the technology and adaptation grade field but got a D- for market performance. The Weiss rating agency does not only rate cryptocurrencies but also shares, investment funds, ETFs, companies that deal with insurance and banks. The biggest ranking winner is now IOTA which is now right after Bitcoin and Ethereum. With a rating of B+, IOTA is behind Bitcoin and Ethereum that also have B+. The new grade for the technology and adaptation field is very positive for the asset.
Both of the cryptocurrencies share the common fact that they were able to write positive headlines about the previous year. The price of IOTA and XRP was the only thing that they had something bad to say about. In terms of Technology, Tezos and Cardano are still way ahead followed by Fantom, Cosmos, and Ethereum. Here, Iota doesn’t appear in the top 5. For a long time, IOTA was flying low under the radar of the rating company. This changed in 2019 when the rating agency contacted the IOTA foundation and issued a statement equating the commitment of the development team with Cardano.
‘’Shout out to the #IOTA foundation and a big thanks for the wonderful discussion yesterday. IOTA is one of those projects anyone serious about crypto cannot afford to ignore!
In our view, #IOTA is up there with #ADA in terms of the quality of the dev team and commitment to their vision. IOTA is much more ambitious which may be detrimental to their success. Cardano is more pragmatic in working with existing blockchain-based systems.’’
IOTA is different than other coins. Its main focus is to create a protocol for the Internet of Things which is intended to serve as a basis for the use of the machine economy. The tangle technology also offers to send ‘’only’’ data transactions. The token doesn’t have to play a huge role for the asset to succeed but it can be used to pay for services between two machines. This is important for investors and could even influence the performance of the MIOTA token in the past.
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