• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Tezos Outranks Bitcoin According to Weiss: Here’s Why it Doesn’t Matter

Samuel Wan by Samuel Wan
9 months ago
in Bitcoin, Cryptocurrency news, Opinion
Reading Time: 3min read
Tezos Outranks Bitcoin According to Weiss: Here’s Why it Doesn’t Matter
Advertisement
Nexo Logo
Listen to Article

Tezos is one of the few cryptocurrencies that has managed to shine during these times of economic uncertainty. Indeed, multiple days of back-to-back gains have seen XTZ catalyzing calls for an impending altseason.

Tezos daily chart
Tezos daily chart showing 50-day and 200-day MA. (Source: tradingview.com)

With that, late last week, Weiss Crypto Ratings announced their list of top cryptocurrency projects. And in yet another win for Tezos, it ranks as Weiss’ top pick for “technology,” managing to beat Bitcoin, which languishes in the eleventh seat.

However, despite the methodology used in compiling the list, for the foreseeable future, Bitcoin remains the number one choice for most.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Huge Support For Tezos Shows Community Backing

Massive gains for XTZ see Tezos as one of this year’s top performers. Certainly, fans of Tezos continually sing the praises of the tenth largest cryptocurrency by market cap. Citing its staking function as a major draw over and above that of other projects.

This level of community support is apparent in the percentage of Tezos staked. According to stakingrewards.com, almost 79% of XTZ is staked at present. Making it the most staked token in the crypto industry, and that’s regardless of its rather modest reward percentage in comparison to the competition.

Tezos rewards
Source: stakingrewards.com

In line with this sentiment, the folks at Weiss Crypto Ratings agree. They rated Tezos as one of four “Excellent” projects for “technology.” They also scored it a “B-” for tech/adoption, and “D+” in terms of risk/reward.

For comparison, Bitcoin scores a “Fair” for technology, an “A” for tech/adoption, and “D” for risk/reward.

Source: weisscrypto.com

How Much Credibility Should we Give Crypto Ratings?

There’s no doubt that Tezos holders feel gratified by the latest Weiss Crypto Ratings. But how much credence does Weiss, or for that matter any crypto rating service, have?

Indeed, rating services will draw disagreement with the wider public, especially so with regard to divisive tokens. An example of this is Grin. According to Weiss, Grin has a tech/adoption rating of “B”, which outranks the tech/adoption ratings for Monero, Binance Coin, as well as Tezos.

An analysis of the criteria used by Weiss to assess tech/adoptions shows the following:

“1. Our Technology Model evaluates each cryptocurrency’s potential to achieve a variety of goals: High transaction speeds and other scaling solutions, decentralization, energy efficiency, sophistication of monetary policy, governance capabilities, flexibility to upgrade and others.

2. Our Adoption Model determines the degree to which each crypto has achieved those goals in the real world — in terms of network security, network capacity, speed, scalability, market penetration, decentralization, developer participation, public acceptance plus a host of other factors.”

In respect of technology, Weiss themselves state that that the metric is assessed on potential, rather than any hard data. And in terms of adoption, to evaluate Grin as having more market penetration as Monero, Binance, and Tezos might be unsatisfactory.

Bitcoin is Still Number One

What’s more, despite Bitcoin scoring only a “Fair” for technology, which is a reasonable assessment considering its lack of scalability and slow throughput, this doesn’t affect its standing as the top of the pack.

Indeed, in its favor, Bitcoin has the branding and recognition that the rest can only dream about.

What this shows, rightly or wrongly, is that despite Bitcoin being first-generation technology, this has no bearing on its popularity or even its price potential.

Photo by Jack Church on Unsplash
Tags: bitcointezosWeiss Cryptocurrency Ratings
TweetShare28
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

bitcoin dark web monero

Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero

1 day ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

2 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Logs Revenge Recovery as Lagarde Calls for Global Regulation

3 days ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin Flickers Near $35,000 as Bond Yields Drop; A Detailed Outlook

3 days ago
bitcoin bar new york

Landmark Real Estate Listing Offers Two New York Bars For 25 Bitcoin

3 days ago
huobi, ruble

Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

4 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

SV-based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

January 15, 2021

Kickoff Your DeFi Journey With YOYO FINANCE – Their Token Sale Is Live

January 14, 2021

RAI Finance Pre-sale Finishes in 1 Minute

January 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.