The latest cryptocurrency news show that Cardano, Cosmos and Tezos have beaten Bitcoin and Ether based on their technology. The figures were released by the financial rating agency Weiss Crypto Ratings this week, showing that ADA, XTZ, ATOM and FTM are the top coins in the “technology” category, ranking above Bitcoin (BTC) and Ether (ETH).
The rating is released weekly and compares cryptocurrency coins in a different aspect of categories including adoption, technology as well as their risk and reward ratio. Currently, the list includes 123 coins and tokens which have the highest overall rank only hitting a B+ score. The risk/reward column does not rank coins above the D score.
As you probably know if you have been reading our Bitcoin and altcoin news, the model is built with five basic layers that take data from the project’s technology, adoption, risk and momentum. All of these layers then filter the information through the in-house software models which work on identifying each component in relation to the success or failure of the overall project. Cardano, Cosmos and Tezos beat Bitcoin and Ether in this list.
They are currently ranked as 10th (XTZ), 13th (ADA) and 23rd (ATOM) respectively by market capitalization. The Tezos news earlier showed strong gains this year, as the price of XTZ stabilized above $2.68 almost double from what was coming into this year. Previously, the team was in the news because of its legal battles and internal fighting.
Meanwhile, Cardano just released the V1.0.0 Daedelus update with other milestones that are also expected to be hit throughout the year. The CEO of Cardano, Charles Hoskinson, recently told the media why he believes that his project could reach a trillion dollar market cap.
While Cardano, Cosmos and Tezos are now the most ranked as per Weiss Crypto Ratings, we can see that the market gains are continuing. Today, the price of Bitcoin (BTC) is above $7,500 which as per our previous analysis, shows a great sentiment and influences other coins to rise, too. Ether (ETH) and Ripple (XRP) are also with 3% and 4% gains, coming at prices of $188 and $0.19585, respectively. The total cryptocurrency market cap is now above $218 billion.
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