In its most recent move, Weiss Ratings, the financial ratings agency, downgraded Litecoin and Cardano , while Monero was upgraded.
The ratings of both Litecoin and Cardano went down from “C+” to “C”. Litecoin’s risk/reward grade remains “D”, both of those aspects rated as “weak,” while its technology/adoption grade is “B+”, with the former rated as “fair” and the latter as “excellent.” Cardano has a “D-“ in risk and reward, both rated “weak,” but it has “B+” in technology and adoption, rated “excellent” and “good,” respectively.
As a matter of fact, whereas the last time, LTC and ADA were sitting at the 4th and 5th spot respectively, both of these coins have dropped in the ranking. BTC and ETH lead the list with their B- grades, followed by four coins with a C+ grade.
One of these is Monero, which has been upgraded from “C” to “C+”. Its risk and reward have been rated “weak” and given a grade of “D+”. Technology and adoption grade is “B”, with both rated “good”.
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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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