While Bitcoin adoption remains excellent, there are altcoins which are best left alone - such as Expanse (EXP), rated with an E- grade in the latest Weiss ratings update.
https://twitter.com/WeissRatings/status/1001858342841716740
In April and may, some altcoin prices went wild again, before sliding back and showing that the pressures of the bear market may stay for a few months more, at least. This time, it is imperative to avoid pitfalls in selecting altcoins. While in December almost every digital asset, regardless of origins, could turn a profit. But in the months afterwards, careful due diligence was needed, and some coins turned out to be risky and volatile.
The Best-Rated Coins
Bitcoin is among the top rated digital assets with a B- rating. But as an investment, the asset garners a C- due to risk. What lifts the grade is the widespread adoption, but otherwise, Bitcoin’s technology is listed as only “fair”.
Curiously, Ripple (XRP) is listed as a coin with excellent adoption - but there are some who believe the asset is, in fact, not widely used. XRP still has no proprietary wallet, and the asset is mostly used for speculative trading.
EOS is also high up the charts, with a B rating, and relatively good marks across the board. Investing in EOS, however, is risky, with a C- grade - but the overall mark is boosted by the technology and the adoption.
https://twitter.com/WeissRatings/status/1001930019990622208
Other assets with an overall B or B- grade include Ethereum, IOTA, NEO, Ontology (ONT), Steem (STEEM), Stellar (XLM), TRON (TRX), and Zilliqa (ZIL).
Most Technologically Advanced
Curiously, some of the least adopted coins also have the highest estimate for their technology. The Excellent rating is given to projects with entire ecosystems and capabilities of token generation. Those include:
Ardor (ARDR)
Ark (ARK)
Blocknet (BLOCK)
EOS
Komodo (KMD)
NANO (NANO)
NAV Coin (NAV)
Ontology (ONT)
Stellar (XLM)
Waves (WAVES)
But technological achievement itself does not a good investment make - some of the platforms and systems are new and have yet to appeal to users. As usual, Weiss Ratings has been very conservative, and even large coins have a low investment rating, pointing out their risky nature.
The Worst Coin
Expanse (EXP), formerly SybCoin, is a small-scale digital asset that pumped as high as $4.50 in December and January, and has slid to $1.20 currently. More than 68% of EXP trading is concentrated on Bittrex. And 24-hour volumes are ridiculously low - the equivalent of around 12 BTC, a highly risky trading profile.
The mining difficulty for EXP is a mere 4,753 MH/s, a level allowing for an easy mining attack.
This article appeared first on Cryptovest
