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As the Weiss Ratings Cryptocurrency grades were published, company’s website has experienced some downtimes due to the increased traffic. In fact, Weiss ratings have included some of the controversial scores for such cryptocurrencies, as Bitcoin and Ethereum.
According to the Weiss rating grades, Bitcoin scores a C+, which stands for “fair.” Ethereum has got a B (“good’). Cryptocurrency Steem has earned a B- grade. Weiss Ratings did not give any cryptocurrency an A rating. In a report, the company explained:
“A GRADE OF A OR B CAN ALSO BE INTERPRETED AS THE INVESTMENT RATING EQUIVALENT OF “BUY.” AT THE SAME TIME, INVESTORS SHOULD NOT BE OVERLY ALARMED BY A C RATING. IT IS A PASSING GRADE, AND FOR INVESTORS, IMPLIES THE EQUIVALENT OF ‘HOLD.’ GRADES OF D AND E, ARE THE EQUIVALENT OF A SELL.”
Some coins, such as Ethereum, have climbed in value following Weiss Rating report today. Additionally, NEO and Cardano have jumped in price, thanks to the positive ratings of Weiss. Two coins have earned a B minus rating, which has pushed their growth to rise by double-digit figures in the last 24 hours