In the latest numbers released this week by financial rating agency Weiss Crypto Ratings Cardano (ADA), Tezos (XTZ), Cosmos (ATOM) and Fantom (FTM) are the main currencies in the “Technology” category and are above Bitcoin (BTC) and Ether (ETH).
The weekly ranking compares cryptocurrencies across a number of categories, including acceptance, risk / reward, and technology.
The list currently contains 123 coins and tokens with the highest overall rank that only achieve a B +. The risk / reward column does not give any currency a higher rank than D.
The Weiss Crypto Ratings model consists of five basic levels that take data from the technology, the takeover, the risk and the drive of the project. These layers then filter the information through internal software models that identify each component in terms of the possible success or failure of the entire business.
Partly Their success is claimed by their ability to remain impartial and objective, as they receive no incentive or compensation from any of the cryptocurrencies.
How are the main projects going?
XTZ, ADA and ATOM are currently ranked 10th, 13th and 23rd by market capitalization.
Tezos saw strong growth in 2020. The current price of $ 2.68 is almost double that of this year. The team was previously in the headlines due to litigation and litigation.
Cardano has just released its Daedelus V1.0.0 update with additional milestones that are expected to be reached later this year. The founder of the protocol, Charles Hoskinson, recently told Cointelegraph why he believes the project could reach a trillion dollar market cap.