There have been several crypto coins in the market since 2008; Bitcoin paved the way for the crypto. After the price of bitcoin started to hit up in April 2017, the interest of cryptocurrency fueled up.
Since the market is flooded with so many new coinages, the question which is the safest coin to invest in arises, as you plan to invest in crypto considers legitimacy and financial stability.
Weiss rating agency
This is known for rating stock and mutual funds but has performed well in rating the financial health of insurance companies. The company has come up with a system to measure the rate of cryptocurrencies. The company is judging the general risk-reward among the more than 79 coins in the market.
Many cryptocurrencies are over-hyped and are vulnerable to clash, and that why the market needs an evident and robust rating to rely on.
The crypto is graded from A to E, Weiss depends on four indexes that usually measure crypto risk, reward, technology, and public acceptance.
Which Crypto earned Top Grades?
All the crypto failed to score grade A, which means at this time, there is no crypto we can say it 100 percent safe to invest in. However, some managed to hit B- which is a good score.
So we can categorize them as the ‘good’ coins, they include;
- Bitcoin
- Etherium
- Ripple
- Tether
- Bitcoin cash
It is advisable to do more research when you decide entirely to invest in crypto coins, also learn to trust your body instincts.
