Weiss Ratings brings some really interesting news for the cryptosphere, and you’ll definitely be surprised by its findings. Long story short, the company provides a look at eight of its top crypto picks and slams really hard some popular coins such as Ripple‘XRP and ADA.
Weiss Ratings claims to present objective results
The ratings agency has been providing market research and analysis for consumers and businesses for more than 40 years now.
They call themselves America’s only 100% independent rating agency that’s covering stocks, ETFs, mutual funds, insurance companies, banks, and credit unions.
Weiss Ratings claim that the company’s independence is grounded in a massive difference in the way they’re doing business.
The company itself says that they don’t accept compensation from any company for its rating, they never allow companies to influence their analysis or conclusions, they reserve the right to publish their ratings based only on publicly available data, and more elements which are definitely viable characteristics for such a company.
Four cryptos are slammed by Weiss Ratings
Anyway, getting back to the crypto, the ratings agency, criticizes four coins, in particular, calling them “absolute steals.”
They claim that IOTA, XRP, NEO, and ADA will not return to their former glory, as they’re at or above a 90% pullback.
If you believe #crypto market will return to its former glory, the benchmark for a 10X gain, is a 90% retracement. As of today, here are a few of top-25 coins that are at or above a 90% pullback: #IOTA = 90%#NEO = 91%#XRP = 93%#ADA = 96% These are absolute steals right now!