XRP, IOTA, NEO and Cardano are ‘Absolute Steals,’ Weiss Ratings says
In a bearish market, the ability to distinguish between good and bad opportunities in the medium and long-term represents the difference between a good trader and a bad trader. For Weiss Cryptocurrency Ratings, right now some excellent opportunities prove the high potential of blockchain technologies in the future.
Generally Weiss Ratings’ recommendations and analysis are available to a close group of subscribers, however, a few days ago, they took twitter by surprise and published some short reviews in which they mentioned their optimism about the behavior of some tokens.
For the renowned financial analysis firm, the four cryptocurrencies with the most significant opportunity for growth are IOTA, NEO, XRP, and ADA.
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!
It is quite interesting to address those who believe in a possible 10x gain. This could be very important for those who base their investments on fundamental analysis. Of course, being a tweet, they have not given much detail; however, subscribers will enjoy more information about each of these altcoins and other investment strategies.
Other Cryptos Worth Watching
Other cryptocurrencies that have a promising future according to Weiss Ratings analysis are Nano, Basic Attention Token (BAT), Stellar (XLM) and EOS.
Weiss Ratings tweets follow one that generated quite a stir among its followers. Commenting on an article about Bitcoin dominance over the global market cap, the firm stated that the adaptability of Ethereum blockchain makes feasible that in approximately 5 years, Ethereum becomes the new Crypto-King.
#Bitcoin will lose 50% of its #cryptocurrency market share to #ETH within 5 years, due to it offering more uses and being backed with superior #blockchain technology. We completely agree – unlike #BTC, which is a one-trick pony, the limit of ETH’s application is sky itself.
A few months ago, the Weiss team published a cryptocurrency rating in which they analyze the characteristics of each crypto and the potential for future development. In it, EOS won with the best possible score, something challenging to achieve according to Weiss’ standards.
Finally, the company also talked about Bitcoin saying that 5.8K support is critical to define the future of the markets with a possible bull run at the end of the year.